BigBear.ai (NYSE:BBAI) Stock Price Down 2.6% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 2.6% during trading on Wednesday . The company traded as low as $3.59 and last traded at $3.61. Approximately 6,760,965 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 32,921,004 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Stock Down 2.3 %

The firm has a 50-day moving average of $3.36 and a two-hundred day moving average of $2.19. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $909.35 million, a PE ratio of -3.97 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BBAI. Apollon Wealth Management LLC acquired a new position in BigBear.ai during the 4th quarter worth $65,000. Choreo LLC acquired a new position in BigBear.ai in the fourth quarter worth about $67,000. Sargent Investment Group LLC bought a new stake in BigBear.ai in the fourth quarter valued at about $1,028,000. Bay Rivers Group bought a new position in BigBear.ai during the 4th quarter worth approximately $48,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors 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.