BigBear.ai (NYSE:BBAI) Trading Down 2.4% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 2.4% on Friday . The stock traded as low as $3.18 and last traded at $3.24. 11,872,490 shares were traded during trading, a decline of 68% from the average session volume of 37,464,566 shares. The stock had previously closed at $3.32.

Wall Street Analysts Forecast Growth

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

BigBear.ai Price Performance

The business has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $1.99. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $816.91 million, a price-to-earnings ratio of -3.58 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, 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 value of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 849,032 shares of company stock valued at $2,184,876 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.