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

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

Specifically, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted 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 Stock Down 2.3 %

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 firm has a 50 day simple moving average of $3.24 and a 200-day simple moving average of $2.13. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -4.53 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. On average, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Rhumbline Advisers boosted its stake in BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after purchasing an additional 68,663 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BigBear.ai in the second quarter valued at about $58,000. Bank of Montreal Can lifted its position in BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in 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 during the last quarter. Finally, Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai in the third quarter worth about $36,000. 7.55% of the stock is currently owned by 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.