BigBear.ai (BBAI) recently witnessed a significant insider sale. Pangiam Ultimate Holdings, LLC, a major shareholder and director at BigBear.ai, sold 5,798,134 shares of the company on March 10, 2025 and March 6, 2025. The transaction was valued at about $56.2 million.
It is worth noting that both BBAI and Pangiam Ultimate Holdings are linked to AE Industrial Partners, a private equity firm. AE Industrial Partners holds a major stake in BigBear.ai stock, with some of its shares managed through Pangiam Ultimate Holdings.
BBAI provides AI, machine learning, cloud-based big data analytics, and cyber engineering solutions.
Closer Look at the Insider’s Trade
According to the recent SEC filing, the insider divested 5.8 million shares of BBAI on March 10, at an average price of $3.35 per share. Further, he sold 8.2 million shares of the company for $4.45 per share last week.
It is worth mentioning that after the latest informative sell transaction, Pangiam Ultimate Holdings owns about 40.48 million BBAI shares worth $127.11 million.
Importantly, large sell transactions by insiders can take place for several reasons and do not indicate a lack of confidence in the company’s future. Investors should note that these sales may be driven by personal financial planning, asset diversification, or other factors unrelated to the company itself.
Bearish Insider Sentiment for BBAI Stock
It must be noted that Pangiam Ultimate Holdings is not the only insider that reduced its stake in the company. Based on other informative insider transactions from the last three months, corporate insiders have sold $98.6 million worth of BBAI stock.
Overall, TipRanks’ Insider Trading Activity Tool shows that insider confidence in the stock is currently Very Negative.
Investors may benefit from keeping an eye on transactions made by key insiders, as these transactions typically reflect their confidence in the company’s prospects. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is BBAI a Good Stock to Buy Now?
Turning to Wall Street, BBAI stock has a Moderate Buy consensus rating based on two Buys and two Holds assigned in the last three months. At $5.33, the average BigBear.ai price target implies a 69.75% upside potential. Shares of the company have gained 102.6% over the past six months.
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