BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sells $93,600.00 in Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BigBear.ai Price Performance

Shares of BigBear.ai stock traded up $0.02 during midday trading on Friday, hitting $3.66. 62,939,996 shares of the company traded hands, compared to its average volume of 29,515,085. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -4.02 and a beta of 3.32. 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's fifty day moving average price is $3.08 and its 200-day moving average price is $3.66. BigBear.ai Holdings, Inc. has a 12 month low of $1.17 and a 12 month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.67) earnings per share. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Industrial Partners LP bought a new stake in BigBear.ai during the 4th quarter worth approximately $284,721,000. Goldman Sachs Group Inc. grew its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after acquiring an additional 1,990,822 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in BigBear.ai during the 1st quarter worth approximately $3,811,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai during the 4th quarter worth approximately $4,005,000. Finally, Soviero Asset Management LP bought a new stake in BigBear.ai during the 4th quarter worth approximately $3,248,000. 7.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on BBAI. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their target price for the company from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright decreased their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Cantor Fitzgerald decreased their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th.

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.

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