BigBear.ai (NYSE:BBAI) Shares Down 1.1% - Time to Sell?

Key Points

• BigBear.ai's shares experienced a 1.1% decline, trading at $5.78 with a significant decrease in volume, down 78% from the average.
• Analysts have adjusted their price target for BigBear.ai from $9.00 to $8.00, while maintaining a "buy" rating on the stock.
• The company's quarterly earnings report showed a revenue of $32.47 million, below expectations, and a negative net margin of 269.28%.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 1.1% on Friday . The stock traded as low as $5.56 and last traded at $5.78. Approximately 19,769,786 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 88,602,719 shares. The stock had previously closed at $5.84.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, BigBear.ai has an average rating of "Moderate Buy" and an average target price of $6.00.

BigBear.ai Stock Down 5.6%

The firm has a 50 day moving average price of $6.30 and a 200-day moving average price of $4.92. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.61 billion, a PE ratio of -3.84 and a beta of 3.44.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same period in the prior year, the business earned ($0.06) EPS. The firm's revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer owned 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of BBAI. LPL Financial LLC increased its stake in shares of BigBear.ai by 316.0% in the fourth quarter. LPL Financial LLC now owns 149,098 shares of the company's stock valued at $663,000 after buying an additional 113,253 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after acquiring an additional 5,591 shares during the period. Geode Capital Management LLC lifted its holdings in BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after purchasing an additional 38,858 shares during the last quarter. Wells Fargo & Company MN boosted its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares during the period. Finally, Invesco Ltd. increased its position in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after acquiring an additional 1,629 shares during the period. 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.