BigBear.ai (NYSE:BBAI) Stock Price Down 7.7% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 7.7% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $4.04 and last traded at $4.15. Approximately 47,030,952 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 31,922,800 shares. The stock had previously closed at $4.49.

Specifically, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer now directly owns 634,153 shares in the company, valued at $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Up 8.0%

The business's 50-day moving average price is $3.22 and its 200-day moving average price is $3.82. 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 firm has a market capitalization of $1.22 billion, a PE ratio of -4.59 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data 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). The business 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%. BigBear.ai's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.67) EPS. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares in the last quarter. Victory Capital Management Inc. raised its position in BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after acquiring an additional 2,332 shares in the last quarter. Deutsche Bank AG grew its holdings in BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares during the last quarter. Wells Fargo & Company MN grew its holdings in BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares during the last quarter. Finally, Choreo LLC grew its holdings in BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company's stock valued at $54,000 after purchasing an additional 3,802 shares during the last quarter. Institutional investors own 7.55% of the company's stock.

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.