BigBear.ai (NYSE:BBAI) Stock Price Down 6.3% Following Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 6.3% during trading on Friday after an insider sold shares in the company. The company traded as low as $3.84 and last traded at $4.17. 43,866,538 shares were traded 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 business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BBAI shares. Cantor Fitzgerald reiterated 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 restated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

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 P/E ratio of -4.63 and a beta of 3.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sovereign Financial Group Inc. acquired a new position in shares of BigBear.ai during the third quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai in the second quarter worth approximately $58,000. Intech Investment Management LLC bought a new position in shares of BigBear.ai in the third quarter valued at approximately $61,000. The Manufacturers Life Insurance Company grew its holdings in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares in the last quarter. Finally, Fortis Group Advisors LLC lifted its stake in BigBear.ai by 26.9% during the 2nd quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock valued at $101,000 after acquiring an additional 14,134 shares in the last quarter. Institutional investors and hedge funds 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.