BigBear.ai (NYSE:BBAI) Shares Down 2.4%

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 2.4% during mid-day trading on Monday . The company traded as low as $1.98 and last traded at $2.00. 2,917,324 shares were traded during trading, a decline of 75% from the average session volume of 11,878,517 shares. The stock had previously closed at $2.05.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.00 target price on shares of BigBear.ai in a research report on Monday, March 4th.

BigBear.ai Price Performance

The business has a fifty day moving average of $2.28 and a 200-day moving average of $1.88. The stock has a market capitalization of $477.98 million, a price-to-earnings ratio of -4.69 and a beta of 3.69.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. BigBear.ai's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.23) earnings per share. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 101,751 shares of BigBear.ai stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $2.44, for a total value of $248,272.44. Following the completion of the sale, the chief accounting officer now directly owns 161,830 shares in the company, valued at $394,865.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BigBear.ai news, CAO Sean Raymond Ricker sold 101,751 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $2.44, for a total value of $248,272.44. Following the completion of the sale, the chief accounting officer now owns 161,830 shares of the company's stock, valued at $394,865.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the sale, the director now owns 159,186,896 shares of the company's stock, valued at approximately $428,212,750.24. The disclosure for this sale can be found here. Insiders sold 5,838,420 shares of company stock valued at $15,635,973 in the last three months. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in BigBear.ai by 734.9% in the 4th quarter. Barclays PLC now owns 40,073 shares of the company's stock valued at $86,000 after buying an additional 35,273 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of BigBear.ai by 3.3% in the 4th quarter. Nuveen Asset Management LLC now owns 198,138 shares of the company's stock worth $424,000 after purchasing an additional 6,383 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of BigBear.ai during the 4th quarter worth about $308,000. Steward Partners Investment Advisory LLC lifted its holdings in BigBear.ai by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,824 shares of the company's stock valued at $107,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BigBear.ai in the fourth quarter valued at about $26,000. 7.55% of the stock is currently owned by 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.