BigBear.ai (NYSE:BBAI) Shares Down 6% on Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 6% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $3.91 and last traded at $4.04. 18,722,848 shares changed hands during trading, a decline of 49% from the average session volume of 37,058,309 shares. The stock had previously closed at $4.30.

Specifically, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

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

BigBear.ai Price Performance

The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -4.44 and a beta of 3.21. The business’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $1.93. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (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 for the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBAI. XTX Topco Ltd increased its position in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the 3rd quarter worth approximately $36,000. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai in the third quarter worth approximately $61,000. Finally, Rhumbline Advisers lifted its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares in the last quarter. Institutional investors and hedge funds 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.