Insider Selling: BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Sells $297,630.00 in Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Amanda Long also recently made the following trade(s):

• On Thursday, December 26th, Amanda Long sold 200,000 shares of BigBear.ai stock. The shares were sold at an average price of $4.25, for a total value of $850,000.00.

BigBear.ai Trading Down 16.4 %

Shares of BigBear.ai stock opened at $3.31 on Thursday. 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 stock’s 50 day simple moving average is $2.79 and its 200-day simple moving average is $1.96. The stock has a market cap of $829.44 million, a P/E ratio of -3.64 and a beta of 3.21. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $5.20.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.03 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

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

Analysts Set New Price Targets

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

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.