BigBear.ai (NYSE:BBAI) Stock Price Down 0.2% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 0.2% during mid-day trading on Wednesday . The company traded as low as $4.52 and last traded at $4.40. 20,609,188 shares were traded during mid-day trading, a decline of 42% from the average session volume of 35,790,727 shares. The stock had previously closed at $4.41.

Analyst Ratings Changes

A number of equities research analysts have commented on BBAI shares. HC Wainwright increased their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 0.6 %

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 firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.82 and a beta of 3.21. The business has a fifty day moving average price of $3.13 and a 200 day moving average price of $2.10.

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

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently bought and sold shares of BBAI. Simon Quick Advisors LLC purchased a new stake in BigBear.ai during the 4th quarter worth approximately $44,000. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai in the third quarter worth $36,000. XTX Topco Ltd acquired a new stake in BigBear.ai in the second quarter valued at $58,000. The Manufacturers Life Insurance Company boosted its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in BigBear.ai during the 3rd quarter worth $61,000. Institutional investors and hedge funds 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.