BigBear.ai (NYSE:BBAI) Shares Down 1.8% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 1.8% during trading on Tuesday . The company traded as low as $5.81 and last traded at $5.8650. Approximately 101,529,004 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 95,886,703 shares. The stock had previously closed at $5.97.

Analyst Ratings Changes

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

BigBear.ai Stock Performance

The business has a 50 day moving average of $6.61 and a 200 day moving average of $6.18. 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 has a market capitalization of $2.56 billion, a P/E ratio of -4.13 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $33.14 million for the quarter, compared to analysts’ expectations of $31.82 million. During the same period in the previous year, the company earned ($0.05) EPS. BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the transaction, the chief financial officer owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. This trade represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 32.6% in the third 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 period. Jump Financial LLC bought a new position in BigBear.ai during the 2nd quarter valued at about $37,407,000. Two Sigma Investments LP raised its position in BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after purchasing an additional 3,056,597 shares during the period. Geode Capital Management LLC raised its position in BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock worth $34,456,000 after purchasing an additional 2,820,698 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in BigBear.ai by 3,252.7% in the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after purchasing an additional 2,326,883 shares during 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.