BigBear.ai (NYSE:BBAI) Stock Price Down 2.6% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 2.6% during trading on Wednesday . The stock traded as low as $3.59 and last traded at $3.61. Approximately 6,760,965 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 32,921,004 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

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

BigBear.ai Price Performance

The firm has a market cap of $1.08 billion, a PE ratio of -4.71 and a beta of 3.21. The stock’s fifty day moving average price is $3.42 and its 200-day moving average price is $2.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced 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. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. BigBear.ai’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in BigBear.ai by 41.6% in the fourth quarter. Rhumbline Advisers now owns 111,825 shares of the company’s stock valued at $498,000 after purchasing an additional 32,829 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in BigBear.ai in the fourth quarter valued at approximately $238,000. Apollon Wealth Management LLC purchased a new position in BigBear.ai in the fourth quarter valued at approximately $65,000. Choreo LLC purchased a new position in BigBear.ai in the fourth quarter valued at approximately $67,000. Finally, Sargent Investment Group LLC purchased a new position in BigBear.ai in the fourth quarter valued at approximately $1,028,000. Institutional investors and hedge funds 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.