BigBear.ai (NYSE:BBAI) Shares Down 7% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 7% during trading on Monday . The company traded as low as $3.08 and last traded at $3.13. 23,816,817 shares traded hands during trading, a decline of 12% from the average session volume of 27,048,225 shares. The stock had previously closed at $3.36.

Analyst Ratings Changes

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

BigBear.ai Trading Down 3.4 %

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 company has a 50 day moving average of $3.30 and a 200 day moving average of $3.59. The stock has a market capitalization of $944.91 million, a price-to-earnings ratio of -3.58 and a beta of 3.32.

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

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBAI. Geode Capital Management LLC raised its position in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after purchasing an additional 479,401 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in BigBear.ai in the 4th quarter valued at about $325,000. Barclays PLC boosted its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of BigBear.ai by 198.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock valued at $415,000 after acquiring an additional 61,998 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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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