BigBear.ai (NYSE:BBAI) Stock Price Down 3.1% After Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 3.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $3.01 and last traded at $3.00. Approximately 13,870,831 shares were traded during trading, a decline of 49% from the average daily volume of 27,384,669 shares. The stock had previously closed at $3.09.

Specifically, CAO Sean Raymond Ricker sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the sale, the chief accounting officer now owns 293,639 shares in the company, 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 the SEC website.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright lowered their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald reduced their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

BigBear.ai Trading Down 2.7 %

The company has a market cap of $875.31 million, a PE ratio of -3.30 and a beta of 3.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock's 50 day moving average is $3.21 and its 200-day moving average is $3.59.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its 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). 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 analysts' expectations of $36.26 million. During the same quarter last year, the firm earned ($0.67) EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AE Industrial Partners LP bought a new stake in shares of BigBear.ai in the fourth quarter valued at about $284,721,000. TFG Asset Management GP Ltd purchased a new stake in shares of BigBear.ai in the 4th quarter worth approximately $4,005,000. Soviero Asset Management LP bought a new position in shares of BigBear.ai during the fourth quarter valued at approximately $3,248,000. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after buying an additional 479,401 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in BigBear.ai during the fourth quarter worth $1,039,000. 7.55% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.