BigBear.ai (NYSE:BBAI) Shares Down 2.4% - What's Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 2.4% on Friday . The stock traded as low as $3.18 and last traded at $3.24. Approximately 11,872,490 shares traded hands during trading, a decline of 68% from the average daily volume of 37,464,566 shares. The stock had previously closed at $3.32.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BBAI. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a 50 day moving average of $2.82 and a 200-day moving average of $1.97. 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 company has a market cap of $816.91 million, a PE ratio of -3.58 and a beta of 3.21.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. BigBear.ai's revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

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

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake 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 purchasing an additional 107,214 shares in the last quarter. 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 valued at $3,152,000 after buying an additional 479,401 shares in the last quarter. XTX Topco Ltd raised its stake in shares of BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after buying an additional 22,363 shares during the period. State Street Corp lifted its position in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in BigBear.ai in the 3rd quarter valued at $61,000. 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.