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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was down 2.8% on Tuesday . The stock traded as low as $6.70 and last traded at $6.73. Approximately 48,315,275 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 53,241,143 shares. The stock had previously closed at $6.92.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their target price on shares of BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.

BigBear.ai Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The company's fifty day moving average is $5.03 and its two-hundred day moving average is $4.48. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -10.18 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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 121.31% and a negative return on equity of 57.83%. The company had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. During the same quarter last year, the business posted ($0.67) EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other BigBear.ai news, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director owned 255,239 shares of the company's stock, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,987 shares of company stock worth $614,608 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of the business. McGuire Investment Group LLC grew its stake in shares of BigBear.ai by 89.0% in the second quarter. McGuire Investment Group LLC now owns 86,658 shares of the company's stock worth $588,000 after acquiring an additional 40,806 shares in the last quarter. Pure Financial Advisors LLC purchased a new stake in shares of BigBear.ai during the 2nd quarter worth $69,000. Janney Montgomery Scott LLC lifted its position in shares of BigBear.ai by 11.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock worth $158,000 after purchasing an additional 2,325 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of BigBear.ai during the 2nd quarter worth $68,000. Finally, Kieckhefer Group LLC lifted its position in shares of BigBear.ai by 18.8% during the 2nd quarter. Kieckhefer Group LLC now owns 265,640 shares of the company's stock worth $1,804,000 after purchasing an additional 42,017 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.