BigBear.ai (NYSE:BBAI) Trading Down 3.2% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares dropped 3.2% during trading on Tuesday . The stock traded as low as $6.90 and last traded at $7.17. Approximately 37,133,836 shares were traded during trading, a decline of 34% from the average daily volume of 55,944,632 shares. The stock had previously closed at $7.40.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st.

BigBear.ai Trading Down 5.6%

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 50 day moving average price of $5.43 and a 200-day moving average price of $4.60.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. During the same quarter last year, the business earned ($0.67) earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the sale, the director owned 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer directly owned 270,061 shares of the company's stock, valued at approximately $823,686.05. This trade represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,987 shares of company stock valued at $614,608 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in BigBear.ai in the 1st quarter worth $26,000. City State Bank bought a new position in BigBear.ai during the 1st quarter valued at about $29,000. Cornerstone Wealth Management LLC bought a new position in BigBear.ai during the 1st quarter valued at about $29,000. Blue Bell Private Wealth Management LLC grew its holdings in BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after purchasing an additional 11,080 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in BigBear.ai during the 1st quarter valued at about $34,000. 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.