BigBear.ai (NYSE:BBAI) Stock Price Down 6.4% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 6.4% on Tuesday . The stock traded as low as $4.46 and last traded at $4.50. 36,132,066 shares traded hands during trading, an increase of 221% from the average session volume of 11,271,646 shares. The stock had previously closed at $4.81.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright raised 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.

BigBear.ai Stock Down 12.1 %

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -4.65 and a beta of 3.58. The firm has a 50-day moving average of $2.44 and a two-hundred day moving average of $1.82. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on 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 completion of the transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the firm’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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 782,892 shares of company stock valued at $1,887,246. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd boosted its stake in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after acquiring an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 worth $62,000 after purchasing an additional 23,597 shares during the last quarter. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai during the third quarter worth $36,000. Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the 3rd quarter valued at about $61,000. Finally, Rhumbline Advisers grew its holdings in shares of BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after buying an additional 68,663 shares during the period. Institutional investors own 7.55% of the company’s stock.

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.