BigBear.ai (NYSE:BBAI) Trading Down 7.2% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 7.2% on Tuesday . The stock traded as low as $4.39 and last traded at $4.42. Approximately 15,481,227 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 20,785,913 shares. The stock had previously closed at $4.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BBAI shares. HC Wainwright boosted their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reissued 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 Price Performance

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 50 day moving average of $5.32 and a 200-day moving average of $3.12. The company has a market cap of $1.06 billion, a PE ratio of -4.62 and a beta of 3.17.

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

Insider Buying and Selling at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently modified their holdings of BBAI. Invesco Ltd. increased its position in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. increased its position in BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG increased its position in BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after purchasing an additional 2,427 shares during the last quarter. Wells Fargo & Company MN raised its stake in BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after purchasing an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after acquiring an additional 5,591 shares during the last quarter. Hedge funds and other 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.