BigBear.ai (NYSE:BBAI) Stock Price Down 2.4% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 2.4% during trading on Friday . The stock traded as low as $3.18 and last traded at $3.24. 11,872,490 shares were traded during mid-day trading, a decline of 68% from the average session volume of 37,464,566 shares. The stock had previously closed at $3.32.

Analyst Upgrades and Downgrades

BBAI has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Price Performance

The stock has a market capitalization of $814.40 million, a PE ratio of -3.57 and a beta of 3.21. 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’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $1.97.

BigBear.ai (NYSE:BBAI) last issued 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 firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, 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 value of $1,019,614.26. Following the transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 849,032 shares of company stock worth $2,184,876. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its position in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the third quarter valued at approximately $36,000. Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the third quarter worth $61,000. Finally, Rhumbline Advisers boosted its stake in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.