BigBear.ai (NYSE:BBAI) Trading Down 3.1% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 3.1% on Tuesday . The company traded as low as $5.44 and last traded at $5.4950. Approximately 41,838,049 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 95,738,461 shares. The stock had previously closed at $5.67.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Down 3.1%

The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $6.23 and a 200-day simple moving average of $6.32. The stock has a market cap of $2.40 billion, a P/E ratio of -3.87 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm 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%.BigBear.ai’s quarterly revenue was down 20.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the transaction, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was 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 of the company’s stock, valued at approximately $3,450,334.96. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. lifted its position in BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after purchasing an additional 5,579 shares during the period. Nuveen LLC bought a new stake in BigBear.ai in the 1st quarter valued at $878,000. Baird Financial Group Inc. acquired a new position in shares of BigBear.ai in the 1st quarter valued at $286,000. Cubist Systematic Strategies LLC bought a new position in shares of BigBear.ai during the 1st quarter worth about $3,811,000. Finally, AQR Capital Management LLC acquired a new stake in shares of BigBear.ai during the 1st quarter valued at about $88,000. 7.55% of the stock is currently owned by institutional investors.

About BigBear.ai

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.