Insider Selling: BigBear.ai Holdings, Inc. (NYSE:BBAI) CFO Sells $65,000.00 in Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CFO Julie Peffer sold 20,000 shares of BigBear.ai stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the transaction, the chief financial officer now directly owns 730,077 shares of the company’s stock, valued at approximately $2,372,750.25. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BigBear.ai Stock Performance

Shares of BBAI stock opened at $3.15 on Monday. The company has a market capitalization of $917.25 million, a price-to-earnings ratio of -3.46 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $3.64. BigBear.ai Holdings, Inc. has a 52 week low of $1.17 and a 52 week high of $10.36.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.67) EPS. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai in the 4th quarter worth about $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the 4th quarter worth about $44,000. City State Bank acquired a new stake in BigBear.ai in the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC acquired a new stake in BigBear.ai in the 1st quarter worth about $29,000. Finally, Captrust Financial Advisors acquired a new stake in BigBear.ai in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BBAI. Cantor Fitzgerald decreased their price objective 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. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, HC Wainwright reduced their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

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.