BigBear.ai (NYSE:BBAI) Trading Down 1.6% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 1.6% on Friday . The stock traded as low as $5.03 and last traded at $5.42. Approximately 97,001,354 shares were traded during trading, an increase of 2% from the average daily volume of 95,408,922 shares. The stock had previously closed at $5.51.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Down 1.6%

The company’s 50 day moving average price is $6.76 and its 200 day moving average price is $5.86. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -3.82 and a beta of 3.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 in the company, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the sale, the director owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,980 shares of company stock valued at $197,853. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the 1st quarter worth $26,000. CWM LLC lifted its position in shares of BigBear.ai by 237.5% during 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 during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in BigBear.ai by 3,355.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after purchasing an additional 4,832 shares during the period. Alpine Global Management LLC acquired a new stake in BigBear.ai in the 1st quarter valued at approximately $34,000. Finally, Foundations Investment Advisors LLC bought a new position in BigBear.ai in the 1st quarter worth approximately $37,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.