BigBear.ai (NYSE:BBAI) Trading Down 1.4% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 1.4% during trading on Tuesday . The stock traded as low as $5.90 and last traded at $6.1830. Approximately 84,845,565 shares were traded during trading, a decline of 11% from the average daily volume of 95,382,766 shares. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Stock Performance

The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $6.78 and its 200-day moving average is $5.90. The firm has a market capitalization of $2.70 billion, a P/E ratio of -4.35 and a beta of 3.42.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The company had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $31.82 million. During the same quarter last year, the firm posted ($0.05) earnings per share. BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the transaction, the chief financial officer directly owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director directly owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BBAI. Vanguard Group Inc. increased its position in shares of BigBear.ai by 32.6% in the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after purchasing an additional 6,790,890 shares during the last quarter. Jump Financial LLC purchased a new stake in BigBear.ai during the second quarter worth $37,407,000. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 125.2% in the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock worth $34,456,000 after acquiring an additional 2,820,698 shares during the last quarter. Two Sigma Investments LP lifted its position in BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after buying an additional 3,056,597 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BigBear.ai by 40.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873,864 shares of the company’s stock worth $18,738,000 after acquiring an additional 832,420 shares during the last quarter. 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.