BigBear.ai (NYSE:BBAI) Shares Down 3% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 3% on Wednesday . The stock traded as low as $3.40 and last traded at $3.4150. 30,471,974 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 55,624,621 shares. The stock had previously closed at $3.52.

Wall Street Analyst Weigh In

BBAI has been the topic of several recent research reports. HC Wainwright dropped their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BigBear.ai currently has a consensus rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Stock Down 3.0%

The business has a 50 day moving average of $4.28 and a two-hundred day moving average of $5.69. The stock has a market capitalization of $1.63 billion, a PE ratio of -3.42 and a beta of 3.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 1.78.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $27.30 million for the quarter, compared to analyst estimates of $33.31 million. BigBear.ai had a negative return on equity of 18.22% and a negative net margin of 230.21%.The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In related news, Director Pamela Joyce Braden sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director owned 508,687 shares in the company, valued at $2,034,748. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently made changes to their positions in the business. CWM LLC boosted its position in shares of BigBear.ai by 237.5% in the 3rd quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in BigBear.ai by 3,355.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after buying an additional 4,832 shares in the last quarter. Root Financial Partners LLC raised its stake in BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after buying an additional 4,631 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after buying an additional 3,392 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in BigBear.ai by 616.9% in the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after acquiring an additional 6,169 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.