BigBear.ai (NYSE:BBAI) Trading Down 6.5% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 6.5% during mid-day trading on Monday . The company traded as low as $2.95 and last traded at $3.03. 8,389,381 shares were traded during 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 Analysts Forecast Growth

BBAI has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Trading Up 6.3 %

The firm's 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.01. The firm has a market capitalization of $846.98 million, a PE ratio of -3.71 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 276,215 shares of company stock valued at $1,165,261 over the last three months. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of BBAI. Sovereign Financial Group Inc. raised its holdings in BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after buying an additional 174,815 shares during the last quarter. Barclays PLC increased its holdings in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 479,401 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock valued at $89,000 after purchasing an additional 22,363 shares in the last quarter. Finally, State Street Corp boosted its position in shares of BigBear.ai by 16.8% during the third 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 during the last quarter. 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.