BigBear.ai (NYSE:BBAI) Shares Down 6.3% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 6.3% during mid-day trading on Friday following insider selling activity. The company traded as low as $3.84 and last traded at $4.17. 43,866,538 shares changed hands during mid-day trading, an increase of 305% from the average session volume of 10,826,526 shares. The stock had previously closed at $4.45.

Specifically, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average of $2.38 and a 200 day moving average of $1.79. The firm has a market capitalization of $1.05 billion, a PE ratio of -4.63 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) 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 firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the company earned $0.03 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after purchasing an additional 189,593 shares during the period. Rhumbline Advisers raised its position in shares of BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after buying an additional 68,663 shares in the last quarter. XTX Topco Ltd bought a new stake in BigBear.ai during the second quarter worth about $58,000. Bank of Montreal Can boosted its stake in BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew 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 valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

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.