BigBear.ai (NYSE:BBAI) Shares Down 2.4% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 2.4% during trading on Friday . The company traded as low as $3.18 and last traded at $3.24. Approximately 11,872,490 shares changed hands during trading, a decline of 68% from the average daily volume of 37,464,566 shares. The stock had previously closed at $3.32.

Analysts Set New Price Targets

BBAI has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Trading Down 1.8 %

The firm has a market cap of $816.91 million, a P/E ratio of -3.58 and a beta of 3.21. The company has a 50 day moving average of $2.86 and a 200 day moving average of $1.99. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

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. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 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 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 849,032 shares of company stock worth $2,184,876 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd grew its holdings in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of BigBear.ai by 135.0% in the second 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. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai in the third quarter worth $36,000. Intech Investment Management LLC bought a new position in BigBear.ai during the third quarter worth $61,000. Finally, Rhumbline Advisers raised its stake in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the last quarter. 7.55% of the stock is currently owned by 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.