BigBear.ai (NYSE:BBAI) Shares Down 1.8% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 1.8% on Tuesday . The company traded as low as $5.81 and last traded at $5.8650. Approximately 101,529,004 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 95,886,703 shares. The stock had previously closed at $5.97.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Stock Performance

The company’s 50-day moving average price is $6.51 and its two-hundred day moving average price is $6.18. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -3.97 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same period last year, the company posted ($0.05) EPS. The business’s revenue was down 20.1% compared to the same quarter last year. On average, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the sale, the chief financial officer owned 488,716 shares in the company, valued at $3,450,334.96. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction 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 transaction, the director owned 236,150 shares in the company, valued at $1,435,792. The trade was 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 Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of BigBear.ai by 237.5% during the 3rd quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in BigBear.ai by 3,355.6% during the 3rd 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. Nisa Investment Advisors LLC raised its stake in BigBear.ai by 68.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after buying 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 worth $53,000 after acquiring an additional 7,850 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in BigBear.ai in the first quarter valued at approximately $26,000. 7.55% of the stock is currently 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.