BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Sells $850,000.00 in Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

BigBear.ai Price Performance

NYSE BBAI opened at $4.21 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.63 and a beta of 3.58. BigBear.ai Holdings, Inc. has a 12 month low of $1.16 and a 12 month high of $4.80. The company’s 50 day moving average is $2.38 and its two-hundred day moving average is $1.79. The company has a current ratio of 2.06, a quick 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) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the previous year, the company earned $0.03 EPS. BigBear.ai’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Analyst Ratings Changes

BBAI has been the topic of several analyst reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in 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 worth $465,000 after purchasing an additional 189,593 shares in the last quarter. Fortis Group Advisors LLC raised its position in shares of BigBear.ai by 26.9% during the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock valued at $101,000 after buying an additional 14,134 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after buying an additional 68,663 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BigBear.ai during the second quarter worth $58,000. Finally, Bank of Montreal Can boosted its position 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 acquiring an additional 643,570 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

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.