BigBear.ai (NYSE:BBAI) Shares Down 2.3% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded down 2.3% during mid-day trading on Thursday . The company traded as low as $3.92 and last traded at $3.96. 204,886,345 shares traded hands during trading, an increase of 424% from the average session volume of 39,072,353 shares. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald reduced their price objective 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. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. 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 note on Friday, March 7th. Finally, 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 report on Friday, March 7th.

BigBear.ai Trading Up 0.9%

The business has a 50-day simple moving average of $3.51 and a two-hundred day simple moving average of $4.01. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -5.12 and a beta of 3.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted ($0.67) earnings per share. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer now owns 634,153 shares of the company's stock, valued at $2,790,273.20. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the company'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 value of $93,600.00. Following the completion of the sale, the director now owns 255,239 shares in the company, valued at $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,219 shares of company stock valued at $752,605 in the last quarter. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in BBAI. Oppenheimer & Co. Inc. bought a new stake in BigBear.ai in the 4th quarter worth about $325,000. Charles Schwab Investment Management Inc. increased its position in shares of BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after purchasing an additional 8,879 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of BigBear.ai by 198.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after purchasing an additional 61,998 shares during the period. Vanguard Group Inc. grew its position in BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after buying an additional 23,994 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after buying an additional 5,591 shares during the last quarter. 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.