BigBear.ai (NYSE:BBAI) Stock Price Down 4% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 4% during trading on Monday . The stock traded as low as $3.81 and last traded at $3.9150. Approximately 32,273,869 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 48,728,113 shares. The stock had previously closed at $4.08.

Analyst Upgrades and Downgrades

BBAI has been the topic of several research reports. Cantor Fitzgerald reduced their target price on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. HC Wainwright reduced their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Stock Up 6.1%

The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $3.79 and a 200-day moving average price of $4.93. The stock has a market capitalization of $1.95 billion, a P/E ratio of -4.68 and a beta of 3.25.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative return on equity of 16.02% and a negative net margin of 226.69%.The company had revenue of $27.30 million for the quarter, compared to analysts’ expectations of $33.31 million. During the same period in the previous year, the firm posted ($0.43) earnings per share. The firm’s revenue for the quarter was down 37.7% on a year-over-year basis. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the sale, the director directly owned 508,687 shares of the company’s stock, valued at $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.11, for a total value of $61,650.00. Following the transaction, the director directly owned 204,150 shares in the company, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BBAI. Root Financial Partners LLC grew its stake in shares of BigBear.ai by 617.5% during the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after buying an additional 4,631 shares during the last quarter. CWM LLC grew its stake in shares of BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after buying an additional 3,265 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after buying an additional 3,392 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after purchasing an additional 4,832 shares during the period. Finally, HM Payson & Co. boosted its holdings in shares of BigBear.ai by 616.9% in the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after purchasing an additional 6,169 shares during the period. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.