BigBear.ai (NYSE:BBAI) Shares Down 1.4% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares fell 1.4% during trading on Tuesday . The stock traded as low as $3.83 and last traded at $3.85. 22,594,642 shares were traded during trading, a decline of 36% from the average session volume of 35,554,837 shares. The stock had previously closed at $3.90.

Analyst Ratings Changes

BBAI has been the subject of a number of research analyst reports. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. HC Wainwright cut their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Trading Down 4.5%

The firm’s 50 day moving average is $3.32 and its 200 day moving average is $3.93. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $1.08 billion, a PE ratio of -4.09 and a beta of 3.29.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted ($0.67) earnings per share. As a group, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director now owns 255,239 shares of the company’s stock, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,219 shares of company stock worth $752,605 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in BBAI. Invesco Ltd. boosted its stake in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after acquiring an additional 2,332 shares during the last quarter. Deutsche Bank AG lifted its position in BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after acquiring an additional 2,427 shares during the last quarter. Wells Fargo & Company MN lifted its stake in BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after buying an additional 3,797 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of BigBear.ai by 25.3% in the first quarter. Choreo LLC now owns 18,817 shares of the company’s stock valued at $54,000 after buying an additional 3,802 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.