Bbai Ultimate Holdings, Llc Sells 572,817 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares of the company's stock, valued at $255,809,668.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

BigBear.ai Stock Performance

NYSE:BBAI traded down $0.05 during trading on Thursday, reaching $1.70. The company's stock had a trading volume of 3,902,951 shares, compared to its average volume of 6,732,833. The firm has a market cap of $418.33 million, a price-to-earnings ratio of -1.92 and a beta of 3.48. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a 50 day moving average of $1.51 and a 200-day moving average of $1.52. BigBear.ai Holdings, Inc. has a 12 month low of $1.16 and a 12 month high of $4.80.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $39.78 million during the quarter, compared to the consensus estimate of $46.55 million. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BBAI shares. HC Wainwright restated a "buy" rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Tuesday. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, August 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of BigBear.ai by 6,435.7% during the 2nd 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 period. Price T Rowe Associates Inc. MD bought a new position in shares of BigBear.ai during the 1st quarter worth $31,000. Vanguard Group Inc. grew its stake in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company's stock worth $4,228,000 after acquiring an additional 168,076 shares during the period. Hartline Investment Corp bought a new position in shares of BigBear.ai during the 1st quarter worth $39,000. Finally, SG Americas Securities LLC bought a new position in shares of BigBear.ai during the 1st quarter worth $287,000. 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.

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