September looms as a risk month for stocks, Yardeni says
In a recent transaction, Sean Raymond (NSE:RYMD) Ricker, the Chief Accounting Officer of BigBear.ai Holdings, Inc. (NYSE:BBAI), sold a significant portion of his shares in the company. The artificial intelligence company, currently valued at approximately $801 million, has shown significant price volatility with a beta of 2.87. According to the SEC filing, Ricker sold 36,166 shares of common stock on March 25, 2025, at a weighted average price of $3.65 per share. This sale amounted to a total transaction value of approximately $132,005. Following this transaction, Ricker retains ownership of 223,070 shares in the company. The shares were sold in multiple transactions, with prices ranging from $3.45 to $3.82. While the stock has surged over 123% in the past six months, InvestingPro analysis indicates the company faces financial challenges with a weak overall health score and negative EBITDA of -$24.41 million. For deeper insights into BBAI’s valuation and 10+ additional exclusive ProTips, explore InvestingPro.
In other recent news, BigBear.ai Holdings announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, due to a reevaluation of the accounting treatment of its convertible notes. This delay necessitates restating financial statements for the fiscal years 2022 and 2023, as well as interim periods in 2023 and 2024. Concurrently, the company secured a $13.2 million contract from the U.S. Department of Defense to enhance its ORION Decision Support Platform, a key component for force management and data analytics. BigBear.ai reported fourth-quarter revenue of $43.8 million, an 8% increase year-over-year, but below analyst expectations of $53.84 million. Analysts from Cantor Fitzgerald and H.C. Wainwright both lowered the stock’s price target to $6, citing missed revenue targets and weaker-than-expected guidance for 2025. Despite these challenges, BigBear.ai ended the quarter with a significant backlog valued at $480 million. The company projects 2025 revenue between $160 million and $180 million, falling short of the $193.9 million analysts anticipated. H.C. Wainwright maintains a Buy rating, optimistic about BigBear.ai’s long-term prospects in sectors like defense and intelligence.
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