BigBear.ai (NYSE:BBAI) Trading Down 1.5% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares fell 1.5% during mid-day trading on Monday . The company traded as low as $3.78 and last traded at $4.18. 11,188,867 shares traded hands during trading, a decline of 66% from the average session volume of 33,254,488 shares. The stock had previously closed at $4.24.

Analysts Set New Price Targets

BBAI has been the topic of several research analyst reports. HC Wainwright upped their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Up 45.4 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $1.80 billion, a P/E ratio of -7.84 and a beta of 3.17. The company’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $2.28.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 in the last 90 days. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares in the last quarter. State Street Corp boosted its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Sargent Investment Group LLC purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $1,028,000. Sovereign Financial Group Inc. increased its position in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after acquiring an additional 174,815 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

About BigBear.ai

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.