Insider Selling: BigBear.ai (NYSE:BBAI) CFO Sells 11,978 Shares of Stock

Key Points

• BigBear.ai CFO Sean Raymond Ricker sold 11,978 shares at an average price of $5.35, reducing his ownership by 3.88% and retaining 296,345 shares valued at approximately $1.59 million.
• The company's stock has seen a 4% decline, trading at $5.14, significantly lower than its 12-month high of $10.36, with revenues down 18.3% compared to the previous year.
• Analyst ratings have changed, with HC Wainwright lowering their target price for BigBear.ai from $9.00 to $8.00, maintaining a "buy" rating on the stock.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sean Raymond Ricker also recently made the following trade(s):

• On Tuesday, August 26th, Sean Raymond Ricker sold 2 shares of BigBear.ai stock. The shares were sold at an average price of $5.40, for a total transaction of $10.80.

BigBear.ai Stock Down 4.0%

NYSE BBAI traded down $0.22 during trading hours on Wednesday, reaching $5.14. 44,303,507 shares of the company traded hands, compared to its average volume of 87,223,555. BigBear.ai Holdings, Inc. has a 12 month low of $1.29 and a 12 month high of $10.36. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.90 billion, a PE ratio of -3.57 and a beta of 3.44. The company has a 50 day moving average of $6.46 and a two-hundred day moving average of $4.89.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The firm's revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, HC Wainwright cut their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.00.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of the company. Marex Group plc bought a new position in shares of BigBear.ai during the second quarter worth about $1,411,000. Headlands Technologies LLC lifted its holdings in BigBear.ai by 210.8% in the second quarter. Headlands Technologies LLC now owns 1,962,073 shares of the company's stock worth $13,322,000 after purchasing an additional 1,330,729 shares during the period. Corient Private Wealth LLC lifted its holdings in BigBear.ai by 26.2% in the second quarter. Corient Private Wealth LLC now owns 27,450 shares of the company's stock worth $186,000 after purchasing an additional 5,700 shares during the period. Captrust Financial Advisors lifted its holdings in BigBear.ai by 139.5% in the second quarter. Captrust Financial Advisors now owns 1,506,922 shares of the company's stock worth $10,232,000 after purchasing an additional 877,685 shares during the period. Finally, Two Sigma Securities LLC lifted its holdings in BigBear.ai by 487.6% in the second quarter. Two Sigma Securities LLC now owns 364,460 shares of the company's stock worth $2,475,000 after purchasing an additional 302,436 shares during the period. 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.

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