BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle Sells 44,813 Shares

BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BigBear.ai Stock Up 0.6 %

BBAI stock opened at $4.44 on Thursday. The stock’s 50 day moving average is $3.19 and its 200-day moving average is $2.12. BigBear.ai Holdings, Inc. has a twelve month low of $1.16 and a twelve month high of $5.20. The firm has a market capitalization of $1.12 billion, a PE ratio of -4.87 and a beta of 3.21. 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 posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BBAI has been the subject of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright boosted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Bay Rivers Group purchased a new position in BigBear.ai in the fourth quarter worth $48,000. XTX Topco Ltd grew its stake in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Finally, Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai during the 3rd quarter worth $36,000. Hedge funds and other 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.