BigBear.ai (NYSE:BBAI) Stock Price Down 16.4% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 16.4% during trading on Thursday . The company traded as low as $3.19 and last traded at $3.31. 47,996,865 shares were traded during mid-day trading, an increase of 12% from the average session volume of 42,807,543 shares. The stock had previously closed at $3.96.

Analyst Ratings Changes

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

BigBear.ai Stock Performance

The stock's 50-day moving average is $2.82 and its 200 day moving average is $1.97. The stock has a market cap of $829.44 million, a price-to-earnings ratio of -3.64 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced 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. The firm had revenue of $41.51 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of BigBear.ai

Large investors have recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the third quarter worth about $36,000. XTX Topco Ltd acquired a new stake in BigBear.ai during the 2nd quarter valued at approximately $58,000. Intech Investment Management LLC purchased a new stake in BigBear.ai during the 3rd quarter worth approximately $61,000. The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in shares of BigBear.ai during the 3rd quarter valued at approximately $131,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.