BigBear.ai (NYSE:BBAI) Stock Price Down 6.3% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 6.3% during trading on Monday . The company traded as low as $5.78 and last traded at $5.9750. Approximately 127,339,494 shares traded hands during trading, an increase of 33% from the average daily volume of 95,861,469 shares. The stock had previously closed at $6.38.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 6.3%

The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $6.65 and its 200 day moving average price is $6.17. The stock has a market cap of $2.61 billion, a P/E ratio of -4.21 and a beta of 3.44.

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

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in BigBear.ai in the 1st quarter worth approximately $26,000. CWM LLC increased its holdings in shares of BigBear.ai by 237.5% in 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 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 worth $32,000 after purchasing an additional 4,832 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of BigBear.ai during the first quarter valued at $34,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of BigBear.ai during the first quarter valued at $42,000. 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.