BigBear.ai (NYSE:BBAI) Trading Down 7.9% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 7.9% during mid-day trading on Thursday . The stock traded as low as $5.42 and last traded at $5.5350. Approximately 101,740,713 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 83,949,344 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen cut BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald lowered shares of BigBear.ai from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $6.00 in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.00.

BigBear.ai Stock Performance

The stock has a market cap of $2.20 billion, a P/E ratio of -3.54 and a beta of 3.46. 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 stock has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $6.32.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (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 the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $7.06, for a total transaction of $35,300.00. Following the sale, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $133,760.00. Following the sale, the director owned 236,150 shares in the company, valued at approximately $1,435,792. This trade represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. CWM LLC grew its stake in shares of BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of BigBear.ai by 3,355.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock worth $32,000 after acquiring an additional 4,832 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of BigBear.ai by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after acquiring an additional 2,527 shares during the period. Hantz Financial Services Inc. boosted its holdings in BigBear.ai by 2,242.9% in the third quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company’s stock valued at $53,000 after acquiring an additional 7,850 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $55,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.