BigBear.ai (NYSE:BBAI) CFO Sells $35,300.00 in Stock

Key Points

• CFO sale: BigBear.ai CFO Sean Raymond Ricker sold 5,000 shares on December 4 at an average price of $7.06 for $35,300, leaving him with 488,716 shares (a 1.01% reduction) valued at about $3.45 million.
• Recent results and stock snapshot: The company reported Q results of ($0.07) EPS (missing estimates by $0.01) with $33.14M revenue (beating expectations but down 20.1% YoY); the stock trades near $6.56 with a market cap of $2.86B and a negative P/E.
• Institutional activity and analyst view: Large institutional buyers (notably Vanguard adding 6.79M shares) have materially increased positions, while analyst coverage is mixed and the consensus rating is a "Hold" with a $6.33 price target.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) CFO Sean Raymond Ricker sold 5,000 shares of the business's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total transaction of $35,300.00. Following the transaction, the chief financial officer owned 488,716 shares of the company's stock, valued at $3,450,334.96. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BigBear.ai Stock Performance

BBAI traded down $0.27 during midday trading on Monday, hitting $6.56. 103,056,284 shares of the company were exchanged, compared to its average volume of 95,368,859. The company's 50 day simple moving average is $6.68 and its 200 day simple moving average is $6.07. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -4.62 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 1-year low of $2.36 and a 1-year high of $10.36. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The company had revenue of $33.14 million during the quarter, compared to analysts' expectations of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm's quarterly revenue was down 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company's stock valued at $179,984,000 after acquiring an additional 6,790,890 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of BigBear.ai during the second quarter worth approximately $37,407,000. Geode Capital Management LLC increased its position in shares of BigBear.ai by 125.2% during the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company's stock worth $34,456,000 after purchasing an additional 2,820,698 shares in the last quarter. Two Sigma Investments LP raised its stake in BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company's stock valued at $31,974,000 after purchasing an additional 3,056,597 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BigBear.ai by 40.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873,864 shares of the company's stock valued at $18,738,000 after purchasing an additional 832,420 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBAI has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Wall Street Zen raised shares of BigBear.ai from a "strong sell" rating to a "hold" rating in a report on Saturday, November 15th. HC Wainwright reiterated a "buy" rating and issued a $8.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.33.

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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