BigBear.ai (NYSE:BBAI) Stock Price Down 6.4% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded down 6.4% during trading on Tuesday . The stock traded as low as $4.46 and last traded at $4.50. 36,132,066 shares traded hands during trading, an increase of 221% from the average session volume of 11,271,646 shares. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BBAI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday.

BigBear.ai Stock Performance

The firm's 50-day moving average price is $2.44 and its two-hundred day moving average price is $1.82. 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 firm has a market capitalization of $1.12 billion, a PE ratio of -4.89 and a beta of 3.58.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 782,892 shares of company stock valued at $1,887,246. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock worth $62,000 after buying an additional 23,597 shares during the last quarter. XTX Topco Ltd increased its position in BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after buying an additional 22,363 shares during the last quarter. Rhumbline Advisers raised its holdings in BigBear.ai by 206.2% during the second quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock valued at $154,000 after buying an additional 68,663 shares in the last quarter. Finally, Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai in the third quarter worth about $36,000. 7.55% of the stock is owned by hedge funds and other 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.