BigBear.ai (NYSE:BBAI) Stock Price Down 2.1% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 2.1% on Friday . The company traded as low as $3.81 and last traded at $3.88. 66,011,278 shares traded hands during trading, an increase of 68% from the average session volume of 39,212,410 shares. The stock had previously closed at $3.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BBAI shares. HC Wainwright cut their price target 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 Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $1.15 billion, a P/E ratio of -5.11 and a beta of 3.29. The firm has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $4.00.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly 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). The business had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. BigBear.ai'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 company earned ($0.67) EPS. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, CFO Julie Peffer sold 20,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the sale, the chief financial officer now owns 730,077 shares in the company, valued at approximately $2,372,750.25. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 293,639 shares in the company, valued at $977,817.87. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,219 shares of company stock valued at $752,605. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. boosted its position 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 acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. lifted its stake in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after purchasing an additional 2,332 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares during the last quarter. Wells Fargo & Company MN grew its position 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 valued at $349,000 after purchasing an additional 3,797 shares in the last quarter. Finally, Choreo LLC grew its position in shares of BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company's stock valued at $54,000 after purchasing an additional 3,802 shares in the last quarter. 7.55% of the stock is currently owned by 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.

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