BigBear.ai (NYSE:BBAI) Stock Price Down 2.8% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 2.8% on Wednesday after an insider sold shares in the company. The stock traded as low as $5.71 and last traded at $5.8130. Approximately 88,103,067 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 95,386,102 shares. The stock had previously closed at $5.98.

Specifically, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director directly owned 236,150 shares in the company, valued at approximately $1,435,792. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Down 2.8%

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -4.09 and a beta of 3.42. The firm has a 50 day simple moving average of $6.72 and a two-hundred day simple moving average of $5.83.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.BigBear.ai’s quarterly revenue was down 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC bought a new position in shares of BigBear.ai during the 1st quarter valued at about $26,000. CWM LLC raised its stake in shares of BigBear.ai by 237.5% in the 3rd quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,265 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in BigBear.ai by 3,355.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after acquiring an additional 4,832 shares in the last quarter. Alpine Global Management LLC acquired a new position in BigBear.ai during the first quarter worth $34,000. Finally, SLT Holdings LLC bought a new position in shares of BigBear.ai in the 1st quarter valued at about $37,000. 7.55% of the stock is currently owned by institutional investors.

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.