Insider Selling: BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sells 44,813 Shares of Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle sold 44,813 shares of the firm’s 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 directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BigBear.ai Price Performance

BigBear.ai stock opened at $4.44 on Thursday. The firm has a market capitalization of $1.12 billion, a P/E ratio of -4.87 and a beta of 3.21. BigBear.ai Holdings, Inc. has a one year low of $1.16 and a one year high of $5.20. 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 business has a fifty day moving average price of $3.19 and a 200-day moving average price of $2.12.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating 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 business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

BBAI has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of BBAI. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai in the 3rd quarter valued at about $36,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter worth approximately $44,000. Bay Rivers Group purchased a new stake in BigBear.ai in the fourth quarter valued at approximately $48,000. XTX Topco Ltd bought a new stake in BigBear.ai during the second quarter valued at approximately $58,000. Finally, Intech Investment Management LLC purchased a new position in BigBear.ai in the 3rd quarter worth approximately $61,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.