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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 2.7% on Friday . The company traded as low as $7.97 and last traded at $8.00. 50,989,554 shares traded hands during trading, a decline of 43% from the average session volume of 88,794,758 shares. The stock had previously closed at $8.22.

Analyst Ratings Changes

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

BigBear.ai Stock Down 1.6%

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $2.35 billion, a PE ratio of -10.33 and a beta of 3.46. The company has a fifty day moving average price of $4.93 and a 200 day moving average price of $4.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.67) EPS. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 270,061 shares in the company, valued at $823,686.05. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the business'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 value of $220,000.00. Following the completion of the sale, the chief financial officer owned 634,153 shares of the company's stock, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,987 shares of company stock worth $614,608 in the last quarter. 1.10% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

A number of institutional investors have recently made changes to their positions in the stock. AE Industrial Partners LP purchased a new stake in BigBear.ai in the fourth quarter worth $284,721,000. Vanguard Group Inc. lifted its stake in BigBear.ai by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after acquiring an additional 534,963 shares during the period. Goldman Sachs Group Inc. lifted its stake in BigBear.ai by 569.0% in the first 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. Geode Capital Management LLC lifted its stake in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after acquiring an additional 38,858 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in BigBear.ai in the first quarter worth $3,811,000. Hedge funds and other 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.

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