BigBear.ai (NYSE:BBAI) Trading Down 0.2% After Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 0.2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $4.52 and last traded at $4.40. 20,609,188 shares traded hands during trading, a decline of 42% from the average session volume of 35,790,727 shares. The stock had previously closed at $4.41.

Specifically, Director Sean Bernard Battle sold 44,813 shares of the company’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 transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several research analysts recently commented on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright boosted their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Down 2.3 %

The firm has a market capitalization of $1.04 billion, a P/E ratio of -4.53 and a beta of 3.21. 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 firm’s 50-day moving average is $3.24 and its 200 day moving average is $2.13.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company 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%. BigBear.ai’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai during the third quarter worth about $36,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the fourth quarter valued at about $44,000. Bay Rivers Group bought a new position in BigBear.ai in the 4th quarter valued at approximately $48,000. XTX Topco Ltd acquired a new stake in shares of BigBear.ai during the 2nd quarter valued at $58,000. Finally, Intech Investment Management LLC bought a new stake in shares of BigBear.ai during the third quarter worth about $61,000. 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.