BigBear.ai (NYSE:BBAI) Trading Down 2.7% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was down 2.7% on Friday . The stock traded as low as $7.97 and last traded at $8.00. Approximately 50,989,554 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 88,794,758 shares. The stock had previously closed at $8.22.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price objective on BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st.

BigBear.ai Stock Performance

The firm has a 50-day moving average price of $5.03 and a 200 day moving average price of $4.48. The firm has a market capitalization of $2.17 billion, a PE ratio of -9.56 and a beta of 3.46. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced 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). The company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.67) EPS. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer owned 634,153 shares in the company, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total value of $42,892.15. Following the transaction, the chief accounting officer directly owned 270,061 shares in the company, valued at $823,686.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,987 shares of company stock worth $614,608 in the last quarter. 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. AE Industrial Partners LP bought a new stake in BigBear.ai during the 4th quarter valued at $284,721,000. Goldman Sachs Group Inc. boosted its position in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after acquiring an additional 1,990,822 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of BigBear.ai in the first quarter worth $3,811,000. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $4,005,000. Finally, Soviero Asset Management LP bought a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $3,248,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.