BigBear.ai (NYSE:BBAI) Shares Down 3.4% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 3.4% during mid-day trading on Friday following insider selling activity. The company traded as low as $3.08 and last traded at $3.14. Approximately 16,744,746 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 27,766,835 shares. The stock had previously closed at $3.25.

Specifically, CFO Julie Peffer sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the transaction, the chief financial officer now owns 730,077 shares in the company, valued at $2,372,750.25. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the sale, the chief accounting officer now owns 270,061 shares in the company, valued at approximately $823,686.05. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other BigBear.ai news, CAO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction of $33,300.00. Following the transaction, the chief accounting officer now owns 293,639 shares of the company’s stock, valued at approximately $977,817.87. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

BBAI has been the subject of several recent research reports. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. HC Wainwright cut their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Cantor Fitzgerald cut their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Performance

The stock’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $3.62. 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 has a market capitalization of $917.25 million, a price-to-earnings ratio of -3.46 and a beta of 3.32.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the previous year, the company posted ($0.67) earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. City State Bank purchased a new position in BigBear.ai during the 1st quarter valued at about $29,000. Cornerstone Wealth Management LLC purchased a new position in shares of BigBear.ai during the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC lifted its stake in BigBear.ai by 2,216.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock valued at $33,000 after buying an additional 11,080 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in BigBear.ai during the 1st quarter valued at $34,000. Finally, SLT Holdings LLC purchased a new position in BigBear.ai during the first quarter worth $37,000. 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.