BigBear.ai (NYSE:BBAI) Shares Down 3.4% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was down 3.4% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $3.08 and last traded at $3.14. Approximately 16,744,746 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 27,766,835 shares. The stock had previously closed at $3.25.

Specifically, CFO Julie Peffer sold 20,000 shares of BigBear.ai stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total value of $65,000.00. Following the transaction, the chief financial officer now directly owns 730,077 shares in the company, valued at approximately $2,372,750.25. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the sale, the chief accounting officer now directly owns 270,061 shares in the company, valued at approximately $823,686.05. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. In other BigBear.ai news, CAO Sean Raymond Ricker sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $3.33, for a total transaction of $33,300.00. Following the completion of the sale, the chief accounting officer now directly owns 293,639 shares of the company's stock, valued at approximately $977,817.87. This represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BBAI. HC Wainwright lowered their target price 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 reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price target for the company from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th.

BigBear.ai Stock Down 3.1 %

The firm has a market cap of $917.25 million, a PE ratio of -3.46 and a beta of 3.32. The business's 50 day moving average price is $3.11 and its 200 day moving average price is $3.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share 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 firm had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. During the same quarter last year, the business earned ($0.67) EPS. The business's revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the business. Deutsche Bank AG raised its holdings in BigBear.ai by 49.4% in the 1st quarter. Deutsche Bank AG now owns 82,252 shares of the company's stock valued at $235,000 after acquiring an additional 27,197 shares during the last quarter. Headlands Technologies LLC acquired a new stake in BigBear.ai during the first quarter worth about $1,806,000. Vanguard Group Inc. raised its stake in BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after purchasing an additional 534,963 shares during the period. Atria Wealth Solutions Inc. acquired a new position in BigBear.ai in the 1st quarter valued at about $42,000. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of BigBear.ai by 88.2% during the 1st quarter. Thoroughbred Financial Services LLC now owns 32,000 shares of the company's stock worth $91,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.