Key Points
- Sean Raymond Ricker sold 5,000 BigBear.ai shares on Dec. 4 at an average of $7.06 for $35,300, reducing his ownership by 1.01% to 488,716 shares valued at about $3.45M, according to the SEC filing.
- BigBear.ai reported Q earnings of ($0.07) (missing the ($0.06) estimate) with revenue of $33.14M (down 20.1% YoY), carries very negative margins and ROE, and the consensus analyst rating is Hold with a $6.33 price target.
BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) CFO Sean Raymond Ricker sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total value of $35,300.00. Following the transaction, the chief financial officer directly owned 488,716 shares in the company, valued at $3,450,334.96. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
BigBear.ai Stock Performance
Shares of BBAI stock opened at $6.56 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $6.09. BigBear.ai Holdings, Inc. has a 12 month low of $2.36 and a 12 month high of $10.36. The firm has a market capitalization of $2.86 billion, a PE ratio of -4.62 and a beta of 3.44.
BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The business had revenue of $33.14 million during the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm's quarterly revenue was down 20.1% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Institutional Trading of BigBear.ai
Hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. purchased a new position in BigBear.ai in the first quarter worth $49,000. Cetera Investment Advisers raised its stake in shares of BigBear.ai by 194.5% during the 1st quarter. Cetera Investment Advisers now owns 73,299 shares of the company's stock worth $210,000 after purchasing an additional 48,407 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of BigBear.ai in the 1st quarter worth about $96,000. Blair William & Co. IL boosted its holdings in shares of BigBear.ai by 21.3% in the 1st quarter. Blair William & Co. IL now owns 283,010 shares of the company's stock worth $809,000 after buying an additional 49,630 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in BigBear.ai during the first quarter valued at about $42,000. 7.55% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $8.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings restated a "sell (d-)" rating on shares of BigBear.ai in a report on Wednesday, October 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $7.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Wall Street Zen raised BigBear.ai from a "strong sell" rating to a "hold" rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.33.
Read Our Latest Report on BBAI
BigBear.ai Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
