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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $3.67, but opened at $3.50. BigBear.ai shares last traded at $3.66, with a volume of 12,470,100 shares.

Specifically, Director Dorothy D. Hayes sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the transaction, the director now owns 255,239 shares of the company’s stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Julie Peffer sold 45,924 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $3.48, for a total transaction of $159,815.52. Following the completion of the sale, the chief financial officer now owns 684,153 shares of the company’s stock, valued at $2,380,852.44. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BBAI shares. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Cantor Fitzgerald lowered their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Trading Down 0.7%

The company has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.70. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $1.06 billion, a PE ratio of -3.98 and a beta of 3.32.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business 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 firm posted ($0.67) earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Trading of BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in BBAI. Barclays PLC boosted its position 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 purchasing an additional 107,214 shares in the last quarter. Grove Bank & Trust raised its position in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares during the period. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the fourth quarter worth $44,000. Bay Rivers Group purchased a new position in BigBear.ai during the fourth quarter valued at $48,000. Finally, Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $1,028,000. 7.55% of the stock is owned by hedge funds and other 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.