BigBear.ai (NYSE:BBAI) Shares Down 2.9% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 2.9% on Wednesday . The company traded as low as $4.48 and last traded at $4.58. Approximately 13,921,860 shares traded hands during trading, a decline of 33% from the average daily volume of 20,705,391 shares. The stock had previously closed at $4.71.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright lifted their price objective 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 Performance

The company's fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $3.12. 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 market capitalization of $1.06 billion, a P/E ratio of -4.62 and a beta of 3.17.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. As a group, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction on Thursday, December 26th. The shares were 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 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. Over the last 90 days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai during the fourth quarter worth about $40,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai during the 4th quarter worth approximately $44,000. Captrust Financial Advisors acquired a new stake in shares of BigBear.ai during the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new position in BigBear.ai in the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group acquired a new position in BigBear.ai during the fourth quarter valued at approximately $48,000. 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.