BigBear.ai (NYSE:BBAI) Shares Down 6.5% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 6.5% during mid-day trading on Monday . The company traded as low as $2.95 and last traded at $3.03. 8,389,381 shares were traded during mid-day trading, a decline of 76% from the average session volume of 34,941,105 shares. The stock had previously closed at $3.24.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BBAI. HC Wainwright upped their price target on 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 restated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a fifty day moving average of $2.86 and a 200 day moving average of $1.99. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a market cap of $741.73 million, a price-to-earnings ratio of -3.25 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value 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 approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 849,032 shares of company stock worth $2,184,876. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of institutional investors have recently made changes to their positions in the company. XTX Topco Ltd grew its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $62,000 after acquiring an additional 23,597 shares in the last quarter. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the 3rd quarter valued at about $36,000. Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the 3rd quarter worth approximately $61,000. Finally, Rhumbline Advisers grew its position in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.