BigBear.ai (NYSE:BBAI) Shares Down 1.5% - Here's Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 1.5% on Monday . The company traded as low as $3.78 and last traded at $4.18. 11,188,867 shares were traded during mid-day trading, a decline of 66% from the average session volume of 33,254,488 shares. The stock had previously closed at $4.24.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. HC Wainwright boosted their price target 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. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Up 26.9 %

The stock has a market cap of $2.16 billion, a PE ratio of -9.44 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a fifty day moving average price of $3.87 and a 200 day moving average price of $2.40.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the company earned $0.03 earnings per share. BigBear.ai's revenue was up 22.1% on a year-over-year basis. Equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC boosted its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Barclays PLC increased its holdings in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares during the period. Grove Bank & Trust raised its position in shares of BigBear.ai by 9,172.7% in the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. Finally, Sargent Investment Group LLC bought a new position in shares of BigBear.ai in the 4th quarter worth $1,028,000. 7.55% of the stock is 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.