BigBear.ai (NYSE:BBAI) Trading Down 0.7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 0.7% during mid-day trading on Thursday . The stock traded as low as $4.25 and last traded at $4.42. Approximately 16,487,155 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 11,412,893 shares. The stock had previously closed at $4.45.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

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’s fifty day moving average is $2.66 and its 200-day moving average is $1.90.

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

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of BigBear.ai 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 transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 782,892 shares of company stock worth $1,887,246 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai in the 3rd quarter valued at approximately $36,000. XTX Topco Ltd acquired a new stake in shares of BigBear.ai during the second quarter worth $58,000. The Manufacturers Life Insurance Company increased 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 valued at $62,000 after acquiring an additional 23,597 shares during the period. Intech Investment Management LLC purchased a new position in BigBear.ai in the 3rd quarter worth $61,000. Finally, Koshinski Asset Management Inc. acquired a new stake in BigBear.ai during the 3rd quarter worth about $131,000. 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.