BigBear.ai (NYSE:BBAI) Trading Down 1.2% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 1.2% on Thursday . The company traded as low as $4.72 and last traded at $4.7740. 41,952,057 shares were traded during trading, a decline of 16% from the average session volume of 49,741,535 shares. The stock had previously closed at $4.83.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HC Wainwright cut their price target on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Cantor Fitzgerald cut their price target on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. Finally, Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BigBear.ai currently has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Price Performance

The stock has a market capitalization of $2.29 billion, a P/E ratio of -5.49 and a beta of 3.27. The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $3.94 and a two-hundred day simple moving average of $4.80.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. BigBear.ai had a negative return on equity of 16.02% and a negative net margin of 226.69%.The company’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.43) EPS. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.33, for a total transaction of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total value of $61,650.00. Following the sale, the director directly owned 204,150 shares of the company’s stock, valued at $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 105,000 shares of company stock valued at $424,950. 0.57% of the stock is currently owned by insiders.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new stake in shares of BigBear.ai in the 3rd quarter valued at about $1,756,000. M&T Bank Corp bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $5,576,000. AlphaQuest LLC bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $1,925,000. Vanguard Group Inc. increased its stake 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 acquiring an additional 6,790,890 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of BigBear.ai by 145.7% in the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after acquiring an additional 6,158,665 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.