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

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Thursday after an insider sold shares in the company. The stock had previously closed at $4.44, but opened at $4.30. BigBear.ai shares last traded at $4.23, with a volume of 4,135,128 shares changing hands.

Specifically, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BBAI. HC Wainwright increased their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Down 5.1 %

The firm has a market cap of $1.06 billion, a PE ratio of -4.63 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company’s 50-day simple moving average is $3.24 and its two-hundred day simple moving average is $2.13.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BBAI. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai in the 3rd quarter worth about $36,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the 4th quarter worth about $44,000. Bay Rivers Group bought a new position in shares of BigBear.ai in the 4th quarter worth about $48,000. XTX Topco Ltd bought a new position in shares of BigBear.ai in the 2nd quarter worth about $58,000. Finally, Intech Investment Management LLC bought a new stake in BigBear.ai during the 3rd quarter valued at about $61,000. 7.55% of the stock is currently 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.