BigBear.ai (NYSE:BBAI) Trading Down 0.2% After Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 0.2% on Wednesday following insider selling activity. The company traded as low as $4.52 and last traded at $4.40. Approximately 20,609,188 shares changed hands during trading, a decline of 42% from the average daily volume of 35,790,727 shares. The stock had previously closed at $4.41.

Specifically, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BBAI shares. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Trading Down 2.3 %

The company has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $2.13. The company has a market capitalization of $1.04 billion, a P/E ratio of -4.53 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the business earned $0.03 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of BigBear.ai

Several large investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of BigBear.ai by 206.2% during the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after buying an additional 68,663 shares during the last quarter. XTX Topco Ltd acquired a new position in BigBear.ai during the 2nd quarter valued at $58,000. Bank of Montreal Can grew its position in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. Finally, Sovereign Financial Group Inc. acquired a new position in shares of BigBear.ai during the third quarter valued at about $36,000. 7.55% of the stock is owned by institutional investors.

About BigBear.ai

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.