BigBear.ai (NYSE:BBAI) Stock Price Down 9.4% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 9.4% during mid-day trading on Tuesday . The company traded as low as $5.70 and last traded at $5.7050. Approximately 53,727,650 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 95,069,547 shares. The stock had previously closed at $6.30.

Analyst Upgrades and Downgrades

BBAI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright decreased their price target on shares of BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BigBear.ai presently has a consensus rating of “Hold” and an average target price of $6.00.

BigBear.ai Stock Down 9.4%

The firm has a market cap of $2.49 billion, a PE ratio of -3.96 and a beta of 3.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91. The firm’s 50-day moving average price is $6.50 and its two-hundred day moving average price is $5.60.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The company’s revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the sale, the chief financial officer owned 296,345 shares in the company, valued at $1,585,445.75. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock valued at $18,091,000 after purchasing an additional 534,963 shares during the last quarter. Jump Financial LLC purchased a new stake in BigBear.ai in the 2nd quarter valued at $37,407,000. Geode Capital Management LLC increased its stake in BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after buying an additional 2,820,698 shares during the period. JPMorgan Chase & Co. increased its stake in BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after buying an additional 2,326,883 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after purchasing an additional 1,990,822 shares during the period. Hedge funds and other 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.