BigBear.ai (NYSE:BBAI) Shares Down 8.4% - Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 8.4% during trading on Monday . The company traded as low as $3.50 and last traded at $3.79. Approximately 12,734,222 shares were traded during trading, a decline of 63% from the average daily volume of 34,626,570 shares. The stock had previously closed at $4.13.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Trading Down 11.0 %

The firm's 50-day simple moving average is $3.32 and its 200 day simple moving average is $2.17. The stock has a market capitalization of $924.96 million, a P/E ratio of -4.04 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business's quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share. Equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai in the 3rd quarter valued at approximately $36,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter worth $48,000. XTX Topco Ltd bought a new stake in shares of BigBear.ai during the 2nd quarter worth $58,000. Finally, Intech Investment Management LLC acquired a new position in BigBear.ai in the 3rd quarter valued at $61,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.