BigBear.ai (NYSE:BBAI) Shares Down 5.3% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 5.3% during mid-day trading on Wednesday . The company traded as low as $6.96 and last traded at $7.19. 80,935,561 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 51,202,352 shares. The stock had previously closed at $7.59.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their price target on 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 Trading Down 9.7%

The business has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.37. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million during 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 business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.67) earnings per share. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director directly owned 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares in the company, valued at approximately $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 a total of 165,987 shares of company stock worth $614,608 in the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the stock. AE Industrial Partners LP acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $284,721,000. Goldman Sachs Group Inc. grew its stake in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BigBear.ai during the 1st quarter valued at approximately $3,811,000. TFG Asset Management GP Ltd acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $4,005,000. Finally, Soviero Asset Management LP acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $3,248,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.