BigBear.ai (NYSE:BBAI) Shares Down 1.2% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 1.2% during trading on Wednesday . The stock traded as low as $5.96 and last traded at $6.0450. 28,111,152 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 96,404,234 shares. The stock had previously closed at $6.12.

Analyst Upgrades and Downgrades

BBAI has been the topic of several recent research reports. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Price Performance

The company has a 50-day moving average of $6.38 and a 200 day moving average of $6.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market cap of $2.64 billion, a P/E ratio of -4.26 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The business’s revenue was down 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $7.06, for a total transaction of $35,300.00. Following the completion of the transaction, the chief financial officer owned 488,716 shares in the company, valued at approximately $3,450,334.96. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Goldman Sachs Group Inc. lifted its holdings in 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 buying an additional 1,990,822 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of BigBear.ai in the 1st quarter valued at $286,000. Wedbush Securities Inc. bought a new stake in shares of BigBear.ai during the second quarter worth $1,669,000. Swiss National Bank lifted its stake in shares of BigBear.ai by 51.1% during the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock valued at $3,749,000 after acquiring an additional 186,600 shares during the period. Finally, XTX Topco Ltd boosted its holdings in BigBear.ai by 980.7% in the second quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock valued at $2,505,000 after acquiring an additional 334,799 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.