BigBear.ai (NYSE:BBAI) Trading Down 6.7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 6.7% on Friday . The stock traded as low as $4.08 and last traded at $4.0850. Approximately 33,625,406 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 48,902,254 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BBAI shares. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. HC Wainwright decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Down 6.7%

The stock’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $4.99. The firm has a market cap of $1.96 billion, a PE ratio of -4.70 and a beta of 3.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08.

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

Insiders Place Their Bets

In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of BigBear.ai stock in a transaction on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the transaction, the director owned 508,687 shares of the company’s stock, valued at approximately $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the transaction, the director directly owned 204,150 shares of the company’s stock, valued at $839,056.50. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in BigBear.ai by 2.2% in the third quarter. Arizona State Retirement System now owns 86,166 shares of the company’s stock valued at $562,000 after buying an additional 1,823 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in BigBear.ai by 6.4% in the fourth quarter. Farther Finance Advisors LLC now owns 31,207 shares of the company’s stock valued at $169,000 after buying an additional 1,865 shares in the last quarter. Wealthspan Partners LLC increased its holdings in BigBear.ai by 16.0% in the third quarter. Wealthspan Partners LLC now owns 16,350 shares of the company’s stock valued at $107,000 after buying an additional 2,250 shares in the last quarter. Principal Financial Group Inc. increased its holdings in BigBear.ai by 11.8% in the first quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock valued at $80,000 after buying an additional 2,391 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of BigBear.ai by 30.9% in the third quarter. Cornerstone Wealth Management LLC now owns 13,085 shares of the company’s stock valued at $85,000 after purchasing an additional 3,085 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

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.