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

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

Analysts Set New Price Targets

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

BigBear.ai Stock Up 10.2 %

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 business’s 50 day moving average price is $2.66 and its 200-day moving average price is $1.90.

BigBear.ai (NYSE:BBAI) last announced its 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 782,892 shares of company stock worth $1,887,246. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Several large investors have recently made changes to their positions in BBAI. State Street Corp raised its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Bank of Montreal Can lifted its holdings in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after acquiring an additional 643,570 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of BigBear.ai by 135.0% during 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. XTX Topco Ltd raised its position in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares during the period. Finally, Rhumbline Advisers grew its position in shares of 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 acquiring an additional 68,663 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.