BigBear.ai (NYSE:BBAI) Stock Price Down 6.5% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded down 6.5% on Monday . The company traded as low as $2.95 and last traded at $3.03. 8,389,381 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 34,941,105 shares. The stock had previously closed at $3.24.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. HC Wainwright boosted their target price on 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 set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $746.75 million, a PE ratio of -3.27 and a beta of 3.21. The stock has a 50-day simple moving average of $2.89 and a 200 day simple moving average of $2.00.

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

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 849,032 shares of company stock valued at $2,184,876 over the last quarter. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. State Street Corp raised its stake in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after acquiring an additional 267,673 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BigBear.ai by 160.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after acquiring an additional 189,593 shares in the last quarter. Finally, Barclays PLC increased its holdings in 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 purchasing an additional 107,214 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

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.