BigBear.ai (NYSE:BBAI) Stock Price Down 12.9% – Here’s Why

by · The Cerbat Gem

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) traded down 12.9% on Wednesday . The stock traded as low as $3.44 and last traded at $3.45. 19,723,518 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 36,786,004 shares. The stock had previously closed at $3.96.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several recent analyst reports. HC Wainwright lifted their price objective on shares of 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.

View Our Latest Report on BigBear.ai

BigBear.ai Stock Down 17.2 %

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 cap of $821.92 million, a P/E ratio of -3.60 and a beta of 3.21. The business’s fifty day moving average is $2.76 and its two-hundred day moving average is $1.95.

BigBear.ai (NYSE:BBAI – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 849,032 shares of company stock valued at $2,184,876. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after acquiring an additional 189,593 shares during the last quarter. Rhumbline Advisers increased its position in BigBear.ai by 206.2% during the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after purchasing an additional 68,663 shares during the last quarter. XTX Topco Ltd purchased a new position in BigBear.ai during the second quarter worth about $58,000. Bank of Montreal Can boosted its holdings in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after buying an additional 23,597 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

(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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