BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Amanda Long Sells 66,140 Shares

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amanda Long also recently made the following trade(s):

• On Thursday, December 26th, Amanda Long sold 200,000 shares of BigBear.ai stock. The shares were sold at an average price of $4.25, for a total value of $850,000.00.

BigBear.ai Stock Down 4.9 %

Shares of BigBear.ai stock traded down $0.22 during trading hours on Monday, hitting $4.31. 42,416,496 shares of the company's stock traded hands, compared to its average volume of 44,044,992. The stock has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $1.93. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $1.08 billion, a PE ratio of -4.74 and a beta of 3.21. BigBear.ai Holdings, Inc. has a twelve month low of $1.16 and a twelve month high of $5.20.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. Equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently bought and sold shares of BBAI. Bank of New York Mellon Corp grew its stake in BigBear.ai by 160.5% in the second 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. Rhumbline Advisers lifted its holdings in 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 acquiring an additional 68,663 shares during the last quarter. XTX Topco Ltd bought a new position in BigBear.ai in the second quarter worth about $58,000. Bank of Montreal Can lifted its holdings in BigBear.ai by 6,435.7% in 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. Finally, The Manufacturers Life Insurance Company lifted its holdings in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock worth $62,000 after acquiring an additional 23,597 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BBAI. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

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.