BigBear.ai (NYSE:BBAI) Trading Down 6.6% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 6.6% during mid-day trading on Wednesday . The stock traded as low as $3.23 and last traded at $3.35. 19,566,865 shares changed hands during trading, a decline of 25% from the average session volume of 26,183,075 shares. The stock had previously closed at $3.58.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Up 0.7 %

The firm has a market cap of $972.51 million, a PE ratio of -3.67 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The business has a 50-day moving average price of $3.35 and a two-hundred day moving average price of $3.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the previous year, the firm posted ($0.67) EPS. The business's revenue was up 4.9% on a year-over-year basis. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. purchased a new position in BigBear.ai during the fourth quarter worth about $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai in the fourth quarter worth approximately $44,000. City State Bank purchased a new stake in BigBear.ai in the first quarter valued at approximately $29,000. Cornerstone Wealth Management LLC acquired a new stake in shares of BigBear.ai during the 1st quarter worth $29,000. Finally, Captrust Financial Advisors acquired a new stake in BigBear.ai during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.