BigBear.ai (NYSE:BBAI) Trading Down 2.8% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price fell 2.8% on Thursday . The company traded as low as $6.84 and last traded at $7.16. 52,329,924 shares traded hands during trading, an increase of 1% from the average session volume of 51,754,228 shares. The stock had previously closed at $7.37.

Analyst Ratings Changes

Separately, HC Wainwright raised 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 Trading Down 3.3%

The firm has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.36. The firm has a market capitalization of $2.08 billion, a P/E ratio of -9.14 and a beta of 3.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (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 analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.67) EPS. On average, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the sale, the chief accounting officer directly owned 270,061 shares in the company, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,987 shares of company stock worth $614,608 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 8,879 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of BigBear.ai by 198.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock valued at $415,000 after purchasing an additional 61,998 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 23,994 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after purchasing an additional 5,591 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of BigBear.ai by 21.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock valued at $178,000 after purchasing an additional 7,177 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

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.