Sean Raymond Ricker Sells 36,250 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CAO Sean Raymond Ricker sold 36,250 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total transaction of $75,037.50. Following the completion of the sale, the chief accounting officer now owns 99,428 shares in the company, valued at $205,815.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sean Raymond Ricker also recently made the following trade(s):

• On Wednesday, March 20th, Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock. The shares were sold at an average price of $2.16, for a total transaction of $10,800.00.
• On Monday, March 11th, Sean Raymond Ricker sold 101,751 shares of BigBear.ai stock. The stock was sold at an average price of $2.44, for a total value of $248,272.44.

BigBear.ai Stock Down 4.7 %

BBAI stock traded down $0.10 during trading on Thursday, hitting $2.05. The company had a trading volume of 6,609,474 shares, compared to its average volume of 12,024,900. The firm has a market cap of $497.39 million, a PE ratio of -4.88 and a beta of 3.86. The firm has a 50-day moving average price of $2.27 and a 200-day moving average price of $1.87. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $4.80.

BigBear.ai (NYSE:BBAI) last released its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. During the same quarter last year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently made changes to their positions in BBAI. Bank of America Corp DE purchased a new stake in shares of BigBear.ai in the 1st quarter worth about $5,390,000. BlackRock Inc. acquired a new position in shares of BigBear.ai during the 2nd quarter worth approximately $4,858,000. Vanguard Group Inc. lifted its stake in BigBear.ai by 129.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,901,954 shares of the company’s stock valued at $2,872,000 after buying an additional 1,072,487 shares in the last quarter. State Street Corp purchased a new position in BigBear.ai during the second quarter worth $1,098,000. Finally, Raymond James & Associates raised its holdings in shares of BigBear.ai by 130.4% in the third quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after acquiring an additional 423,893 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.