AE Industrial Partners Fund II LP, a significant shareholder in BigBear.ai Holdings, Inc. (NYSE:BBAI), has recently completed a sale of shares in the company. The transaction, which took place on March 15, 2024, involved the sale of 2,461,867 shares at a weighted average price of $2.47. The total value of the shares sold amounted to approximately $6.08 million.
The shares were sold in multiple transactions with prices ranging from $2.44 to $2.56. Following the sale, AE Industrial Partners Fund II LP still retains a substantial holding of 141,966,365 shares in BigBear.ai Holdings, Inc. It should be noted that the ownership and disposition of these shares are managed by Michael R. Greene and David H. Rowe, who are the managing members of AeroEquity GP, LLC. This entity is the general partner of AE Industrial Partners Fund II GP, LP, which in turn is the general partner of several related funds that collectively manage the shares.
The selling entities, along with Kirk Michael Konert and Jeffrey Hart, who serve as Partners of AE Industrial Partners, LP, may be considered directors of BigBear.ai Holdings, Inc. by deputization. However, each entity and individual has disclaimed beneficial ownership of the reported shares, except to the extent of their pecuniary interest.
Investors and market watchers often pay close attention to insider transactions such as this one, as they can provide valuable insights into the company's performance and the confidence levels of its major stakeholders. BigBear.ai Holdings, Inc., listed under the ticker symbol BBAI, is a company that specializes in prepackaged software services, a sector that continues to evolve rapidly with technological advancements.
For further details regarding this transaction, interested parties may refer to the full disclosure provided by AE Industrial Partners Fund II LP in the Form 4 filed with the Securities and Exchange Commission.
InvestingPro Insights
In light of AE Industrial Partners Fund II LP's recent sale of shares in BigBear.ai Holdings, Inc. (NYSE:BBAI), investors may be seeking additional insights into the company's financial health and market performance. According to InvestingPro data, BigBear.ai has a market capitalization of approximately $531.84 million. Despite a modest revenue growth of 0.51% in the last quarter of 2023, the company's profitability remains under scrutiny with a negative P/E ratio of -9.19 for the same period, indicating that it has not been profitable over the last twelve months.
InvestingPro Tips suggest that analysts are optimistic about sales growth in the current year for BigBear.ai, yet they do not anticipate the company to be profitable this year. Additionally, the stock is known for high price volatility, which has been evident with a large price uptick of 38.12% over the last six months and a strong return of 24.16% over the last three months. This could attract investors looking for growth opportunities, albeit with a higher risk profile due to the stock's volatility.
For those considering an investment in BigBear.ai or seeking to understand the potential future trajectory of the stock, the InvestingPro platform offers additional in-depth analysis and metrics. Currently, there are several more InvestingPro Tips available that can provide a more comprehensive view of the company's performance and outlook. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to these valuable insights.
As BigBear.ai navigates the competitive landscape of prepackaged software services, these InvestingPro Insights could prove crucial for investors making informed decisions, especially in the context of insider transactions and the company's growth prospects.
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