BigBear.ai (NYSE:BBAI) Trading Down 1.7% – Here’s What Happened
by Doug Wharley · The Cerbat GemBigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) shares traded down 1.7% during trading on Wednesday . The company traded as low as $6.47 and last traded at $6.5950. 102,394,615 shares were traded during mid-day trading, an increase of 7% from the average session volume of 95,398,250 shares. The stock had previously closed at $6.71.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on BBAI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BigBear.ai presently has an average rating of “Hold” and an average target price of $6.33.
View Our Latest Report on BBAI
BigBear.ai Price Performance
The company has a fifty day moving average of $6.65 and a 200-day moving average of $6.14. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.78 billion, a PE ratio of -4.49 and a beta of 3.44.
BigBear.ai (NYSE:BBAI – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The business’s revenue was down 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were 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 $3,450,334.96. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dorothy D. Hayes sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Flaharty Asset Management LLC purchased a new stake in BigBear.ai during the 1st quarter worth about $26,000. CWM LLC grew its position in shares of BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after buying an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake 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 buying an additional 4,832 shares during the period. Alpine Global Management LLC acquired a new stake in BigBear.ai in the first quarter valued at approximately $34,000. Finally, Atria Wealth Solutions Inc. purchased a new position in BigBear.ai in the first quarter worth approximately $42,000. 7.55% of the stock is owned by institutional investors and hedge funds.
BigBear.ai Company Profile
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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