BigBear.ai (NYSE:BBAI) Trading Down 6% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 6% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $3.91 and last traded at $4.04. 18,722,848 shares traded hands during trading, a decline of 49% from the average session volume of 37,058,309 shares. The stock had previously closed at $4.30.

Specifically, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted 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.

BigBear.ai Stock Performance

The stock’s 50-day moving average is $2.76 and its 200 day moving average is $1.95. The stock has a market cap of $994.83 million, a price-to-earnings ratio of -4.36 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results 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 business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd grew its holdings in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares during the period. The Manufacturers Life Insurance Company boosted its position 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 purchasing an additional 23,597 shares in the last quarter. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the third quarter valued at $36,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai in the third quarter valued at $61,000. Finally, Rhumbline Advisers raised its stake in shares of BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after buying an additional 68,663 shares during 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.