BigBear.ai (NYSE:BBAI) Shares Down 2.8% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares fell 2.8% during mid-day trading on Tuesday . The stock traded as low as $6.70 and last traded at $6.73. 48,315,275 shares were traded during trading, a decline of 9% from the average session 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 stock a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Stock 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 firm has a fifty day moving average price of $4.93 and a 200 day moving average price of $4.46. The firm has a market cap of $2.35 billion, a PE ratio of -10.39 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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 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 firm's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.67) EPS. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares in the company, valued at $823,686.05. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,987 shares of company stock worth $614,608. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in shares of BigBear.ai by 11.1% in the second quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after acquiring an additional 2,325 shares during the period. Lloyd Advisory Services LLC. purchased a new position in BigBear.ai in the second quarter worth $68,000. Kieckhefer Group LLC raised its position in BigBear.ai by 18.8% in the second quarter. Kieckhefer Group LLC now owns 265,640 shares of the company's stock worth $1,804,000 after acquiring an additional 42,017 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in BigBear.ai by 1,376.8% in the second quarter. Farther Finance Advisors LLC now owns 10,190 shares of the company's stock valued at $69,000 after purchasing an additional 9,500 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in BigBear.ai in the second quarter valued at $98,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.