BigBear.ai (NYSE:BBAI) Stock Price Down 4.2% - Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 4.2% during mid-day trading on Monday . The stock traded as low as $3.89 and last traded at $3.99. 41,324,750 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 33,266,532 shares. The stock had previously closed at $4.16.

Analysts Set New Price Targets

A number of equities analysts recently commented on BBAI shares. Cantor Fitzgerald dropped their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. HC Wainwright lowered their target price on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price target for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Stock Down 4.1%

The company has a 50 day simple moving average of $3.25 and a two-hundred day simple moving average of $3.87. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.10 billion, a P/E ratio of -4.16 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $36.26 million. During the same period in the prior year, the firm posted ($0.67) EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction 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 now directly owns 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer now directly owns 634,153 shares of the company's stock, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,219 shares of company stock valued at $752,605. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cape Investment Advisory Inc. purchased a new position in BigBear.ai during the 4th quarter worth $40,000. Flaharty Asset Management LLC bought a new position in shares of BigBear.ai during the 1st quarter worth $26,000. City State Bank purchased a new position in shares of BigBear.ai during the first quarter valued at $29,000. Cornerstone Wealth Management LLC bought a new stake in shares of BigBear.ai in the first quarter valued at about $29,000. Finally, Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the fourth quarter valued at about $45,000. 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.