BigBear.ai (NYSE:BBAI) Shares Gap Down Following Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Thursday following insider selling activity. The stock had previously closed at $4.44, but opened at $4.30. BigBear.ai shares last traded at $4.23, with a volume of 4,135,128 shares.

Specifically, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Several research analysts have recently issued reports on BBAI shares. HC Wainwright upped their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 5.5 %

The business’s fifty day moving average price is $3.19 and its 200 day moving average price is $2.12. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.62 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.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating 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 business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sovereign Financial Group Inc. purchased a new position in BigBear.ai in the 3rd quarter valued at $36,000. Simon Quick Advisors LLC purchased a new stake in shares of BigBear.ai in the fourth quarter valued at about $44,000. Bay Rivers Group acquired a new position in shares of BigBear.ai during the fourth quarter worth about $48,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai during the second quarter worth about $58,000. Finally, Intech Investment Management LLC purchased a new position in BigBear.ai during the third quarter worth about $61,000. Institutional investors and hedge funds 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.