BigBear.ai (NYSE:BBAI) Trading Down 0.7% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 0.7% during trading on Thursday . The stock traded as low as $4.25 and last traded at $4.42. Approximately 16,487,155 shares traded hands during trading, an increase of 44% from the average daily volume of 11,412,893 shares. The stock had previously closed at $4.45.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 3.4 %

The business has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $1.86. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $1.08 billion, a PE ratio of -4.73 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last posted 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 net margin of 109.90% and a negative return on equity of 138.35%. The firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction dated 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 sale, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 782,892 shares of company stock valued at $1,887,246 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the third quarter valued at approximately $36,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai in the 2nd quarter valued at $58,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai in the 3rd quarter valued at $61,000. The Manufacturers Life Insurance Company raised its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in BigBear.ai in the third quarter valued at $131,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

About BigBear.ai

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.