BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle Sells 44,813 Shares

BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle sold 44,813 shares of the firm’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 transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BigBear.ai Trading Down 2.3 %

Shares of BBAI opened at $4.13 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -4.53 and a beta of 3.21. The stock has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $2.15. BigBear.ai Holdings, Inc. has a 52-week low of $1.16 and a 52-week high of $5.20.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can lifted 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 buying an additional 643,570 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the period. State Street Corp boosted its holdings in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the last quarter. Bank of New York Mellon Corp increased its position in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after purchasing an additional 189,593 shares during the period. Finally, Sovereign Financial Group Inc. raised its holdings in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

Analyst Upgrades and Downgrades

BBAI has been the subject of a number of analyst reports. HC Wainwright lifted their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target 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.