BigBear.ai (NYSE:BBAI) Shares Down 3.4% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 3.4% during trading on Thursday following insider selling activity. The company traded as low as $4.15 and last traded at $4.29. 10,266,361 shares traded hands during trading, a decline of 71% from the average session volume of 35,461,039 shares. The stock had previously closed at $4.44.

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

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Down 2.3 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average of $3.28 and a 200 day moving average of $2.15. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -4.53 and a beta of 3.21.

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

Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of BBAI. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai during the 4th quarter worth about $44,000. Bay Rivers Group acquired a new position in BigBear.ai during the 4th quarter worth approximately $48,000. XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the period. Finally, Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai during the third quarter valued at approximately $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.