50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Bigbear.ai holdings sees $556,297 in stock sales by major investors

Published 20/12/2024, 21:46
BBAI
-

These sales were executed under a Rule 10b5-1 trading plan, which had been adopted earlier in the year. Following the transactions, the reporting parties, including BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC, continue to hold a substantial position in BigBear.ai, with 70,233,518 shares remaining.The transaction details also note that the shares were sold in multiple transactions at prices ranging from $3.60 to $3.70. The managing members of AeroEquity GP, LLC, Michael R. Greene and David H. Rowe, exercise voting and dispositive power over the shares held by the reporting entities. With a current market capitalization of $778 million and a healthy current ratio of 2.06, InvestingPro analysis indicates the company appears fairly valued, though it remains unprofitable with significant negative earnings in the last twelve months. With a current market capitalization of $778 million and a healthy current ratio of 2.06, InvestingPro analysis indicates the company appears fairly valued, though it remains unprofitable with significant negative earnings in the last twelve months.

These sales were executed under a Rule 10b5-1 trading plan, which had been adopted earlier in the year. Following the transactions, the reporting parties, including BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC, continue to hold a substantial position in BigBear.ai, with 70,233,518 shares remaining.

The transaction details also note that the shares were sold in multiple transactions at prices ranging from $3.60 to $3.70. The managing members of AeroEquity GP, LLC, Michael R. Greene and David H. Rowe, exercise voting and dispositive power over the shares held by the reporting entities.

In other recent news, BigBear.ai Holdings, Inc. has announced a series of significant developments. The company has exchanged approximately $182.3 million in convertible senior notes, swapping existing notes due in 2026 for new 6.00% convertible senior secured notes maturing in 2029. BigBear.ai was also awarded a five-year contract valued at $165.15 million by the U.S. Army to provide Global Force Information Management (GFIM) Production Services.

In addition, BigBear.ai has embarked on a collaboration with Proof Labs Inc to enhance the cybersecurity of U.S. Air Force and U.S. Space Force assets using its SpaceCREST technology. The company has also showcased its ConductorOS platform in the U.S. Navy's Mission Autonomy Proving Ground (MAPG) exercises, demonstrating its ability to enhance maritime domain awareness.

BigBear.ai has implemented its veriScan™ biometric verification system at Denver International Airport and secured a significant role in a Federal Aviation Administration $2.4 billion IT contract. Furthermore, the company has entered into a master service agreement with Heathrow Airport, Europe's largest airport.

Finally, BigBear.ai has appointed Carl Napoletano as its new Chief Operating Officer, a move that was positively received by H.C. Wainwright analysts, who reiterated a Buy rating on the company's shares. These are recent developments highlighting BigBear.ai's growing influence in the fields of defense, aviation, and cybersecurity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.