BigBear.ai (NYSE:BBAI) Shares Down 2.8%

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 2.8% during trading on Tuesday . The company traded as low as $2.09 and last traded at $2.11. 4,233,693 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 11,996,307 shares. The stock had previously closed at $2.17.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $3.00 target price on shares of BigBear.ai in a research report on Monday, March 4th.

BigBear.ai Stock Performance

The company has a 50 day simple moving average of $2.27 and a 200 day simple moving average of $1.87.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to analyst estimates of $42.75 million. During the same period in the previous year, the firm posted ($0.23) earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current year.

Insider Activity

In other BigBear.ai news, Director Dorothy D. Hayes sold 12,000 shares of BigBear.ai stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $2.43, for a total transaction of $29,160.00. Following the transaction, the director now directly owns 209,401 shares of the company’s stock, valued at approximately $508,844.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the sale, the director now directly owns 159,186,896 shares in the company, valued at $428,212,750.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $2.43, for a total value of $29,160.00. Following the transaction, the director now owns 209,401 shares in the company, valued at $508,844.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,802,170 shares of company stock valued at $15,560,936. Insiders own 2.00% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of BigBear.ai by 734.9% in the 4th quarter. Barclays PLC now owns 40,073 shares of the company’s stock worth $86,000 after acquiring an additional 35,273 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of BigBear.ai by 3.3% in the fourth quarter. Nuveen Asset Management LLC now owns 198,138 shares of the company’s stock valued at $424,000 after acquiring an additional 6,383 shares in the last quarter. Aristides Capital LLC purchased a new position in BigBear.ai in the fourth quarter worth $308,000. Steward Partners Investment Advisory LLC increased its position in shares of BigBear.ai by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,824 shares of the company’s stock valued at $107,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in BigBear.ai during the fourth quarter valued at about $26,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.