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

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright reduced their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald reduced their target price on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. 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 MarketBeat, BigBear.ai presently has a consensus rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Stock 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 firm has a 50-day moving average of $3.94 and a 200 day moving average of $4.80. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, March 2nd. The company reported ($0.01) EPS 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%.BigBear.ai’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period last year, the business earned ($0.43) earnings per share. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction on 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 transaction, the chief financial officer directly owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the director directly 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 SEC filing for this sale provides additional information. Over 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 company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of BigBear.ai by 18.4% during the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock valued at $176,555,000 after acquiring an additional 5,090,508 shares during the period. UBS Group AG lifted its holdings in shares of BigBear.ai by 145.7% during the fourth 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 period. State Street Corp lifted its holdings in shares of BigBear.ai by 33.6% during the fourth quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after acquiring an additional 2,584,278 shares during the period. Geode Capital Management LLC increased its holdings in BigBear.ai by 35.9% during the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after purchasing an additional 2,706,195 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in BigBear.ai during the 4th quarter valued at $46,675,000. 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.