BigBear.ai (NYSE:BBAI) Trading Down 3.1% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 3.1% during trading on Friday . The company traded as low as $6.54 and last traded at $6.8030. 113,194,379 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 95,335,383 shares. The stock had previously closed at $7.02.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBAI. HC Wainwright reissued a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.33.

BigBear.ai Trading Down 3.1%

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -4.79 and a beta of 3.44. The business has a fifty day moving average price of $6.68 and a 200 day moving average price of $6.02.

BigBear.ai (NYSE:BBAI) last released its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director directly owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after buying an additional 1,990,822 shares in the last quarter. Baird Financial Group Inc. bought a new stake in BigBear.ai in the first quarter valued at about $286,000. Wedbush Securities Inc. acquired a new position in BigBear.ai in the second quarter worth about $1,669,000. Swiss National Bank raised its position in BigBear.ai by 51.1% in the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock worth $3,749,000 after purchasing an additional 186,600 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in BigBear.ai by 980.7% during the second quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock valued at $2,505,000 after purchasing an additional 334,799 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.