BigBear.ai (NYSE:BBAI) Trading Down 16.4% – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 16.4% on Thursday . The company traded as low as $3.19 and last traded at $3.31. Approximately 47,996,865 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 42,807,543 shares. The stock had previously closed at $3.96.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BBAI shares. HC Wainwright boosted their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Down 16.4 %

The business has a 50 day moving average of $2.79 and a 200 day moving average of $1.96. The firm has a market cap of $829.44 million, a price-to-earnings ratio of -3.64 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 849,032 shares of company stock valued at $2,184,876 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the 3rd quarter valued at about $36,000. XTX Topco Ltd acquired a new stake in BigBear.ai in the second quarter valued at approximately $58,000. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai during the third quarter valued at approximately $61,000. The Manufacturers Life Insurance Company lifted its position in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in shares of BigBear.ai in the third quarter valued at $131,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.