BigBear.ai Holdings, Inc. (NYSE:BBAI) CFO Julie Peffer Sells 20,000 Shares

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) CFO Julie Peffer sold 20,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the sale, the chief financial officer now owns 730,077 shares of the company's stock, valued at $2,372,750.25. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

BigBear.ai Stock Performance

Shares of BBAI traded down $0.10 on Friday, reaching $3.15. 44,093,471 shares of the company's stock traded hands, compared to its average volume of 27,864,901. The stock's 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $3.60. 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 Holdings, Inc. has a 52-week low of $1.17 and a 52-week high of $10.36. The stock has a market cap of $917.25 million, a PE ratio of -3.46 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $36.26 million. During the same period last year, the firm posted ($0.67) earnings per share. BigBear.ai'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 earnings per share for the current fiscal year.

Institutional Trading of BigBear.ai

Several hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in BigBear.ai in the 4th quarter valued at about $325,000. Barclays PLC boosted its holdings in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after buying an additional 8,879 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of BigBear.ai by 198.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after acquiring an additional 61,998 shares in the last quarter. Finally, Sargent Investment Group LLC purchased a new stake in BigBear.ai during the 4th quarter worth about $1,028,000. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.

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