BigBear.ai (NYSE:BBAI) Shares Down 1.5% - What's Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 1.5% during mid-day trading on Tuesday . The stock traded as low as $3.62 and last traded at $3.67. 17,612,189 shares were traded during trading, a decline of 41% from the average session volume of 29,683,907 shares. The stock had previously closed at $3.72.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Performance

The firm's 50-day simple moving average is $3.10 and its two-hundred day simple moving average is $3.72. 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 stock has a market capitalization of $1.05 billion, a PE ratio of -3.95 and a beta of 3.32.

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

Insider Buying and Selling

In other BigBear.ai news, CFO Julie Peffer sold 20,000 shares of the 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 completion of the transaction, the chief financial officer now owns 730,077 shares in the company, valued at approximately $2,372,750.25. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the transaction, the chief accounting officer now directly owns 270,061 shares of the company's stock, valued at $823,686.05. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,219 shares of company stock valued at $532,605 over the last ninety days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently made changes to their positions in BBAI. City State Bank acquired a new stake in shares of BigBear.ai during the 1st quarter worth $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai in the first quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC increased its position in shares of BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after buying an additional 11,080 shares during the period. Opal Wealth Advisors LLC bought a new stake in BigBear.ai in the first quarter worth approximately $34,000. Finally, Alpine Global Management LLC acquired a new stake in shares of BigBear.ai in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 7.55% of the company's stock.

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.

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