BigBear.ai (NYSE:BBAI) Stock Price Down 8% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 8% during mid-day trading on Thursday . The company traded as low as $5.57 and last traded at $5.64. 64,793,213 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 94,818,648 shares. The stock had previously closed at $6.13.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BBAI. HC Wainwright decreased their price target on BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -3.94 and a beta of 3.42. The stock’s fifty day moving average price is $6.55 and its 200-day moving average price is $5.65.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period in the previous year, the business earned ($0.06) EPS. The company’s revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the sale, the chief financial officer directly owned 296,345 shares of the company’s stock, valued at $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of BBAI. Vanguard Group Inc. raised its holdings in shares of BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after acquiring an additional 6,790,890 shares in the last quarter. Rockland Trust Co. acquired a new position in BigBear.ai in the third quarter worth approximately $65,000. First National Trust Co bought a new stake in BigBear.ai in the third quarter worth approximately $244,000. Wealthfront Advisers LLC increased its stake in shares of BigBear.ai by 221.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 50,913 shares of the company’s stock worth $332,000 after purchasing an additional 35,057 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in BigBear.ai during the third quarter valued at about $123,000. Institutional investors and hedge funds 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.