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

Key Points

• BigBear.ai's stock fell by 3.2%, trading between $7.04 and $7.16, with a significant decline in trading volume by 67% compared to its average.
• HC Wainwright upgraded their price target for BigBear.ai from $6.00 to $9.00, while maintaining a "buy" rating following the company's quarterly earnings report.
• BigBear.ai reported a loss of $0.10 EPS for the last quarter, missing estimates, although its revenue increased by 4.9% year-over-year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were down 3.2% during mid-day trading on Monday . The stock traded as low as $7.04 and last traded at $7.16. Approximately 29,649,958 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 88,712,063 shares. The stock had previously closed at $7.39.

Analyst Upgrades and Downgrades

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

BigBear.ai Price Performance

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 business has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $4.69. The stock has a market capitalization of $1.84 billion, a P/E ratio of -8.12 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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). The firm had revenue of $34.76 million during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.67) EPS. On average, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director owned 255,239 shares of the company's stock, valued at $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's 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 owned 270,061 shares in the company, valued at $823,686.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,987 shares of company stock worth $614,608. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in shares of BigBear.ai by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after purchasing an additional 2,527 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of BigBear.ai in the first quarter valued at about $26,000. City State Bank acquired a new stake in shares of BigBear.ai in the first quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new stake in shares of BigBear.ai in the first quarter valued at about $29,000. Finally, Enterprise Bank & Trust Co acquired a new stake in shares of BigBear.ai in the second quarter valued at about $68,000. Institutional investors and hedge funds 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.