BigBear.ai (NYSE:BBAI) Shares Down 4.2% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAIGet Free Report)’s stock price dropped 4.2% during mid-day trading on Thursday . The stock traded as low as $4.10 and last traded at $4.1850. Approximately 38,622,875 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 49,674,129 shares. The stock had previously closed at $4.37.

Key BigBear.ai News

Here are the key news stories impacting BigBear.ai this week:

Analyst Ratings Changes

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

Get Our Latest Stock Report on BBAI

BigBear.ai Price Performance

The stock has a market cap of $2.00 billion, a P/E ratio of -4.81 and a beta of 3.25. The firm has a 50-day moving average price of $3.77 and a 200-day moving average price of $5.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.78 and a current ratio of 6.08.

BigBear.ai (NYSE:BBAIGet Free Report) last posted its quarterly earnings results 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. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $33.31 million. BigBear.ai had a negative return on equity of 16.02% and a negative net margin of 226.69%.The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.43) EPS. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In related news, Director Pamela Joyce Braden sold 80,000 shares of the company’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 value of $320,000.00. Following the sale, the director owned 508,687 shares in the company, valued at $2,034,748. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the sale, the director owned 204,150 shares in the company, valued at $839,056.50. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of BigBear.ai by 18.4% in the 4th quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after buying an additional 5,090,508 shares during the last quarter. UBS Group AG boosted its stake in BigBear.ai by 145.7% during the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after purchasing an additional 6,158,665 shares during the last quarter. State Street Corp boosted its stake in BigBear.ai by 33.6% during the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after purchasing an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC boosted its stake in BigBear.ai by 35.9% during the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after purchasing an additional 2,706,195 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in BigBear.ai during the 4th quarter valued at $46,675,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

(Get Free Report)

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.

Further Reading

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