BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle Sells 44,813 Shares

BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BigBear.ai Price Performance

NYSE:BBAI traded up $0.03 during trading hours on Wednesday, reaching $4.44. 40,169,773 shares of the company traded hands, compared to its average volume of 37,496,227. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $5.20. The stock has a market cap of $1.12 billion, a P/E ratio of -4.87 and a beta of 3.21. The firm’s 50-day moving average is $3.13 and its 200-day moving average is $2.10. 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) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. Equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBAI shares. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after acquiring an additional 643,570 shares during the period. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. State Street Corp raised its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after purchasing an additional 189,593 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its stake in shares of BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after buying an additional 174,815 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.