BigBear.ai (NYSE:BBAI) Stock Price Down 3.4% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 3.4% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $4.15 and last traded at $4.29. Approximately 10,266,361 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 35,461,039 shares. The stock had previously closed at $4.44.

Specifically, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated 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 in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BBAI shares. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The stock has a market capitalization of $1.09 billion, a PE ratio of -4.76 and a beta of 3.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm’s fifty day moving average price is $3.19 and its two-hundred day moving average price is $2.12.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating 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 company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period last year, the company earned $0.03 earnings per share. BigBear.ai’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.

Institutional Trading of BigBear.ai

Institutional investors have recently made changes to their positions in the company. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the 4th quarter valued at about $44,000. Bay Rivers Group acquired a new position in shares of BigBear.ai during the fourth quarter worth $48,000. Sovereign Financial Group Inc. purchased a new position in BigBear.ai in the third quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of BigBear.ai in the 2nd quarter valued at about $58,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares in the last quarter. Hedge funds and other 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.