Insider Selling: BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Sells 200,000 Shares of Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were 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 legal filing with the SEC, which can be accessed through this hyperlink.

BigBear.ai Trading Down 5.4 %

Shares of BBAI stock opened at $4.21 on Friday. The company has a market cap of $1.05 billion, a PE ratio of -4.63 and a beta of 3.58. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock’s 50 day simple moving average is $2.38 and its two-hundred day simple moving average is $1.79. BigBear.ai Holdings, Inc. has a 1 year low of $1.16 and a 1 year high of $4.80.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results 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 company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the company earned $0.03 earnings per share. BigBear.ai’s revenue was up 22.1% on a year-over-year basis. Research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of BigBear.ai

Several institutional investors have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its holdings in shares of BigBear.ai by 26.9% in the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock worth $101,000 after buying an additional 14,134 shares during the period. XTX Topco Ltd lifted its position in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of 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 purchasing an additional 23,597 shares during the period. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai in the third quarter worth about $36,000. Finally, Intech Investment Management LLC purchased a new position in BigBear.ai in the 3rd quarter worth about $61,000. Institutional investors own 7.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.