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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was 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. Approximately 43,866,538 shares changed hands during mid-day trading, an increase of 305% from the average daily volume of 10,826,526 shares. The stock had previously closed at $4.45.

Specifically, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Ratings Changes

A number of brokerages have commented on BBAI. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a market cap of $1.05 billion, a PE ratio of -4.63 and a beta of 3.58. The firm’s fifty day moving average price is $2.38 and its 200 day moving average price is $1.79. The company has a quick ratio of 2.06, a current 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) earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.03 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after acquiring an additional 189,593 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the period. XTX Topco Ltd bought a new position in shares of BigBear.ai during the 2nd quarter worth $58,000. Bank of Montreal Can grew its holdings in BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after acquiring an additional 643,570 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased 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 valued at $62,000 after buying an additional 23,597 shares during the period. 7.55% of the stock is owned by institutional investors.

BigBear.ai Company Profile

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.