BigBear.ai (NYSE:BBAI) Shares Down 7.5% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 7.5% on Wednesday . The company traded as low as $4.21 and last traded at $4.45. 66,165,219 shares traded hands during mid-day trading, an increase of 480% from the average session volume of 11,412,893 shares. The stock had previously closed at $4.81.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBAI. HC Wainwright increased their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 7.5 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $1.84. The firm has a market capitalization of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for 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%. BigBear.ai’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 782,892 shares of company stock valued at $1,887,246 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several hedge funds have recently bought and sold shares of BBAI. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the 3rd quarter valued at $36,000. XTX Topco Ltd bought a new stake in shares of BigBear.ai in the 2nd quarter worth about $58,000. Intech Investment Management LLC purchased a new stake in BigBear.ai during the 3rd quarter valued at $61,000. The Manufacturers Life Insurance Company raised its position 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 purchasing an additional 23,597 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in shares of BigBear.ai during the third quarter worth $131,000. Institutional investors 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.