BigBear.ai (NYSE:BBAI) Shares Down 7.4% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded down 7.4% during mid-day trading on Wednesday . The stock traded as low as $4.73 and last traded at $4.85. 145,654,715 shares were traded during trading, an increase of 246% from the average session volume of 42,146,530 shares. The stock had previously closed at $5.23.

Wall Street Analyst Weigh In

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

BigBear.ai Price Performance

The company has a market cap of $1.70 billion, a price-to-earnings ratio of -7.51 and a beta of 3.29. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The company's 50 day moving average price is $3.77 and its 200 day moving average price is $4.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. During the same quarter last year, the business posted ($0.67) EPS. The firm's revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 20,000 shares of BigBear.ai stock in a transaction dated Thursday, May 8th. The shares were 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. 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 accessible through this link. Also, CAO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction of $33,300.00. Following the transaction, the chief accounting officer now owns 293,639 shares of the company's stock, valued at approximately $977,817.87. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 168,053 shares of company stock worth $620,599 over the last 90 days. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after buying an additional 1,629 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after buying an additional 2,332 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after buying an additional 2,427 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after buying an additional 3,797 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company's stock worth $54,000 after buying an additional 3,802 shares in the last quarter. Institutional investors and hedge funds 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.