Amanda Long Sells 66,140 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Amanda Long sold 66,140 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Amanda Long also recently made the following trade(s):

• On Thursday, December 26th, Amanda Long sold 200,000 shares of BigBear.ai stock. The shares were sold at an average price of $4.25, for a total value of $850,000.00.

BigBear.ai Price Performance

BBAI stock traded down $0.22 during midday trading on Monday, reaching $4.31. 42,263,121 shares of the company’s stock traded hands, compared to its average volume of 43,881,883. The company has a 50-day simple moving average of $2.66 and a two-hundred day simple moving average of $1.91. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -4.74 and a beta of 3.21. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $5.20. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of 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 Montreal Can grew its stake in shares of BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. XTX Topco Ltd grew its stake in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of BigBear.ai by 206.2% during the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after purchasing an additional 68,663 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on BBAI shares. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the company 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.

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.