BigBear.ai (NYSE:BBAI) Trading Down 5.3% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was down 5.3% during trading on Monday . The company traded as low as $3.91 and last traded at $3.93. Approximately 37,643,051 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 49,712,948 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

BBAI has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright upped their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, December 30th.

BigBear.ai Trading Down 5.3 %

The business has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $2.06. The company has a market cap of $985.32 million, a PE ratio of -4.32 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

A number of large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in BigBear.ai by 16.8% in the third 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Sovereign Financial Group Inc. lifted its position in shares of BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after purchasing an additional 174,815 shares during the last quarter. Barclays PLC grew its stake in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after buying an additional 100,900 shares during the last quarter. 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.