BigBear.ai (NYSE:BBAI) Stock Price Down 6.3% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 6.3% during trading on Friday after an insider sold shares in the company. The company traded as low as $3.84 and last traded at $4.17. 43,866,538 shares traded hands during mid-day trading, an increase of 305% from the average session volume of 10,826,526 shares. The stock had previously closed at $4.45.

Specifically, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Down 7.2 %

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -4.54 and a beta of 3.58. The business has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $1.77. 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 posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 EPS. BigBear.ai’s revenue was up 22.1% on a year-over-year basis. Equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. State Street Corp boosted its stake in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $465,000 after buying an additional 189,593 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

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.