BigBear.ai (NYSE:BBAI) Shares Down 4.7% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 4.7% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $2.04 and last traded at $2.05. 6,681,986 shares changed hands during trading, a decline of 74% from the average session volume of 25,900,046 shares. The stock had previously closed at $2.15.

Specifically, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the sale, the director now directly owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the sale, the director now directly owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 101,751 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $2.44, for a total value of $248,272.44. Following the transaction, the chief accounting officer now owns 161,830 shares of the company’s stock, valued at $394,865.20. The disclosure for this sale can be found here. Insiders have sold 5,838,420 shares of company stock valued at $15,635,973 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $3.00 price objective on shares of BigBear.ai in a research report on Monday, March 4th.

BigBear.ai Price Performance

The firm has a market capitalization of $497.39 million, a P/E ratio of -4.88 and a beta of 3.86. The stock has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $1.87.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to analyst estimates of $42.75 million. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in BigBear.ai by 734.9% in the fourth quarter. Barclays PLC now owns 40,073 shares of the company’s stock valued at $86,000 after acquiring an additional 35,273 shares during the period. Nuveen Asset Management LLC grew its stake in BigBear.ai by 3.3% in the fourth quarter. Nuveen Asset Management LLC now owns 198,138 shares of the company’s stock valued at $424,000 after acquiring an additional 6,383 shares during the period. Aristides Capital LLC acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $308,000. Steward Partners Investment Advisory LLC grew its stake in BigBear.ai by 25.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,824 shares of the company’s stock valued at $107,000 after acquiring an additional 10,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds 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.