BigBear.ai (NYSE:BBAI) Shares Gap Down After Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $3.67, but opened at $3.50. BigBear.ai shares last traded at $3.66, with a volume of 12,470,100 shares traded.

Specifically, Director Dorothy D. Hayes sold 26,000 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director now directly owns 255,239 shares of the company’s stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Julie Peffer sold 45,924 shares of BigBear.ai stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $3.48, for a total value of $159,815.52. Following the completion of the sale, the chief financial officer now directly owns 684,153 shares of the company’s stock, valued at approximately $2,380,852.44. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BBAI. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Cantor Fitzgerald lowered their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $1.08 billion, a P/E ratio of -4.09 and a beta of 3.32. The business’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.72.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $36.26 million. During the same quarter in the previous year, the company earned ($0.67) EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect 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 large investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai during the fourth quarter valued at about $44,000. City State Bank bought a new stake in BigBear.ai during the first quarter valued at about $29,000. Cornerstone Wealth Management LLC purchased a new position in shares of BigBear.ai in the first quarter valued at about $29,000. Finally, Captrust Financial Advisors purchased a new position in BigBear.ai in the 4th quarter worth approximately $45,000. Hedge funds and other 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.