BigBear.ai (NYSE:BBAI) Shares Down 2.8% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 2.8% on Wednesday following insider selling activity. The company traded as low as $5.71 and last traded at $5.8130. 88,103,067 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 95,386,102 shares. The stock had previously closed at $5.98.

Specifically, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the transaction, the director owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.33.

BigBear.ai Price Performance

The stock has a market capitalization of $2.54 billion, a P/E ratio of -4.09 and a beta of 3.42. The business’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $5.83. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The business had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The company’s revenue was down 20.1% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in BigBear.ai by 23.8% during the 3rd quarter. Captrust Financial Advisors now owns 1,865,214 shares of the company’s stock valued at $12,161,000 after acquiring an additional 358,292 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of BigBear.ai in the third quarter valued at about $100,000. NewEdge Advisors LLC lifted its position in shares of BigBear.ai by 51.4% during the third quarter. NewEdge Advisors LLC now owns 120,166 shares of the company’s stock valued at $783,000 after purchasing an additional 40,790 shares in the last quarter. Prelude Capital Management LLC purchased a new position in BigBear.ai during the third quarter worth about $160,000. Finally, Mariner LLC purchased a new position in BigBear.ai during the third quarter worth about $330,000. Institutional investors 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.