BigBear.ai (NYSE:BBAI) Shares Down 1.4% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 1.4% during mid-day trading on Tuesday . The company traded as low as $3.83 and last traded at $3.85. Approximately 22,594,642 shares traded hands during trading, a decline of 36% from the average daily volume of 35,554,837 shares. The stock had previously closed at $3.90.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BBAI shares. Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. HC Wainwright lowered their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Stock Performance

The firm’s 50-day simple moving average is $3.32 and its two-hundred day simple moving average is $3.93. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.08 billion, a PE ratio of -4.09 and a beta of 3.29.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period in the previous year, the firm posted ($0.67) earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 10,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction of $33,300.00. Following the completion of the sale, the chief accounting officer now directly owns 293,639 shares in the company, valued at approximately $977,817.87. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Julie Peffer sold 45,924 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $3.48, for a total value of $159,815.52. Following the completion of the transaction, the chief financial officer now owns 684,153 shares in the company, valued at $2,380,852.44. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,219 shares of company stock valued at $752,605 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Flaharty Asset Management LLC bought a new position in BigBear.ai during the first quarter valued at about $26,000. City State Bank bought a new position in shares of BigBear.ai in the first quarter valued at approximately $29,000. Cornerstone Wealth Management LLC acquired a new stake in shares of BigBear.ai in the first quarter worth $29,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock worth $33,000 after buying an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in BigBear.ai in the 1st quarter worth $34,000. 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.