BigBear.ai (NYSE:BBAI) Stock Price Down 12.9% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 12.9% during mid-day trading on Wednesday . The stock traded as low as $3.44 and last traded at $3.45. 19,723,518 shares changed hands during trading, a decline of 46% from the average session volume of 36,786,004 shares. The stock had previously closed at $3.96.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. HC Wainwright raised their price objective 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 restated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a market capitalization of $821.92 million, a PE ratio of -3.60 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The business’s 50-day moving average is $2.76 and its 200-day moving average is $1.95.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share 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 business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same period last year, the business earned $0.03 EPS. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai during the 3rd quarter valued at approximately $36,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai in the second quarter worth $58,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai during the 3rd quarter valued at $61,000. The Manufacturers Life Insurance Company boosted its holdings in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in BigBear.ai in the 3rd quarter worth $131,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.