BigBear.ai (NYSE:BBAI) Stock Price Down 1.4% - Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $3.83 and last traded at $3.85. 22,594,642 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 35,554,837 shares. The stock had previously closed at $3.90.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBAI. HC Wainwright decreased their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Cantor Fitzgerald lowered their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Stock Up 2.7%

The business's 50 day moving average is $3.37 and its 200-day moving average is $3.94. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.21 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.67) earnings per share. Equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Julie Peffer sold 20,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the transaction, the chief financial officer now directly owns 730,077 shares in the company, valued at $2,372,750.25. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This trade represents a 13.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,219 shares of company stock valued at $752,605 in the last three months. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

A number of hedge funds have recently modified their holdings of the company. AE Industrial Partners LP acquired a new position in shares of BigBear.ai in the fourth quarter valued at $284,721,000. Vanguard Group Inc. increased its holdings in BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after buying an additional 534,963 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after buying an additional 1,990,822 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after buying an additional 38,858 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of BigBear.ai during the 1st quarter worth about $3,811,000. Institutional investors 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.