BigBear.ai (NYSE:BBAI) Shares Gap Down After Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $4.44, but opened at $4.30. BigBear.ai shares last traded at $4.23, with a volume of 4,135,128 shares changing hands.

Specifically, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction 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 completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 5.5 %

The company’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $2.12. The firm has a market capitalization of $1.06 billion, a PE ratio of -4.62 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) 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 analysts’ expectations of $45.04 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after purchasing an additional 643,570 shares during the period. Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after buying an additional 479,401 shares during the period. State Street Corp increased its holdings in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after buying an additional 189,593 shares during the period. Finally, Sovereign Financial Group Inc. boosted its stake in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after purchasing an additional 174,815 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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.