BigBear.ai (NYSE:BBAI) Stock Price Down 1.4% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was down 1.4% on Friday . The stock traded as low as $3.65 and last traded at $3.78. Approximately 30,780,825 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 36,593,825 shares. The stock had previously closed at $3.83.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BBAI shares. Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Cantor Fitzgerald dropped 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 note on Friday, March 7th. HC Wainwright dropped 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 note on Friday, March 7th. Finally, Northland Securities cut 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 note on Friday, March 7th.

BigBear.ai Stock Down 3.0%

The business's 50 day moving average price is $3.40 and its 200 day moving average price is $3.95. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -4.08 and a beta of 3.29. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

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

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 10,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the completion of the transaction, the chief accounting officer now owns 293,639 shares in the company, valued at $977,817.87. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,219 shares of company stock valued at $752,605. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AE Industrial Partners LP acquired a new stake in BigBear.ai during the fourth quarter worth about $284,721,000. Goldman Sachs Group Inc. grew its stake in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after buying an additional 1,990,822 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of BigBear.ai during the 1st quarter worth approximately $3,811,000. TFG Asset Management GP Ltd purchased a new stake in shares of BigBear.ai during the 4th quarter valued at approximately $4,005,000. Finally, Soviero Asset Management LP acquired a new position in BigBear.ai in the fourth quarter valued at approximately $3,248,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.