BigBear.ai (NYSE:BBAI) Shares Down 7.3% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 7.3% during mid-day trading on Tuesday . The stock traded as low as $6.34 and last traded at $6.30. Approximately 116,160,356 shares changed hands during trading, an increase of 149% from the average daily volume of 46,675,991 shares. The stock had previously closed at $6.79.

Wall Street Analyst Weigh In

Several research firms recently commented on BBAI. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright boosted their price objective on BigBear.ai from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald decreased their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

BigBear.ai Trading Down 3.6%

The stock has a 50 day moving average of $3.86 and a 200 day moving average of $4.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.91 billion, a P/E ratio of -8.44 and a beta of 3.30.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. BigBear.ai’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.67) earnings per share. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the transaction, the chief accounting officer owned 270,061 shares in the company, valued at $823,686.05. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer owned 634,153 shares of the company’s stock, valued at approximately $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,987 shares of company stock valued at $614,608. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBAI. Goldman Sachs Group Inc. boosted its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares during the period. Rhumbline Advisers lifted its position in BigBear.ai by 18.1% in the first quarter. Rhumbline Advisers now owns 132,012 shares of the company’s stock valued at $378,000 after purchasing an additional 20,187 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai during the first quarter valued at approximately $26,000. NewEdge Advisors LLC boosted its stake in shares of BigBear.ai by 441.1% during the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock valued at $213,000 after purchasing an additional 60,583 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BigBear.ai by 54.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after purchasing an additional 160,096 shares during the last quarter. Hedge funds and other 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.