BigBear.ai (NYSE:BBAI) Stock Price Down 3.9% After Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 3.9% on Monday following insider selling activity. The stock traded as low as $6.41 and last traded at $6.5550. 102,954,420 shares traded hands during trading, an increase of 8% from the average session volume of 95,368,859 shares. The stock had previously closed at $6.82.

Specifically, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $7.06, for a total transaction of $35,300.00. Following the completion of the sale, the chief financial officer directly owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research firms recently weighed in on BBAI. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BigBear.ai presently has an average rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Trading Down 1.7%

The company’s fifty day simple moving average is $6.67 and its two-hundred day simple moving average is $6.12. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -4.64 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $33.14 million during the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. BigBear.ai’s quarterly revenue was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of BBAI. IFP Advisors Inc lifted its stake in BigBear.ai by 218.1% in the third quarter. IFP Advisors Inc now owns 9,559 shares of the company’s stock valued at $62,000 after buying an additional 6,554 shares in the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of BigBear.ai during the third quarter worth about $81,000. Cantor Fitzgerald L. P. bought a new position in shares of BigBear.ai during the third quarter worth about $1,756,000. CIBC Bancorp USA Inc. acquired a new stake in BigBear.ai in the 3rd quarter valued at approximately $201,000. Finally, Captrust Financial Advisors lifted its stake in BigBear.ai by 23.8% in the 3rd quarter. Captrust Financial Advisors now owns 1,865,214 shares of the company’s stock valued at $12,161,000 after acquiring an additional 358,292 shares in the last quarter. Institutional investors 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.