BigBear.ai (NYSE:BBAI) Stock Price Down 7.5% – Should You Sell?

by · The Cerbat Gem

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s share price dropped 7.5% during trading on Wednesday . The company traded as low as $4.21 and last traded at $4.45. Approximately 66,165,219 shares traded hands during mid-day trading, an increase of 480% from the average daily volume of 11,412,893 shares. The stock had previously closed at $4.81.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

Check Out Our Latest Stock Report on BBAI

BigBear.ai Stock Performance

The stock has a market capitalization of $1.12 billion, a PE ratio of -4.89 and a beta of 3.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $1.84.

BigBear.ai (NYSE:BBAI – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 782,892 shares of company stock valued at $1,887,246. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

Large investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its position in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BigBear.ai by 28.6% during the 3rd 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 during the last quarter. State Street Corp raised its position 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 valued at $2,723,000 after buying an additional 267,673 shares during the period. Bank of New York Mellon Corp lifted its holdings in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after acquiring an additional 189,593 shares during the last quarter. Finally, Barclays PLC grew its position in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

(Get Free Report)

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.

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