BigBear.ai (NYSE:BBAI) Trading Down 3.4% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 3.4% during trading on Tuesday . The company traded as low as $5.98 and last traded at $6.0940. Approximately 66,853,441 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 68,949,414 shares. The stock had previously closed at $6.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Cantor Fitzgerald downgraded shares of BigBear.ai from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $6.00 in a report on Wednesday, January 7th. HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

BigBear.ai Stock Down 3.4%

The company has a market capitalization of $2.66 billion, a PE ratio of -4.29 and a beta of 3.46. 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 business has a fifty day moving average of $6.05 and a 200 day moving average of $6.43.

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

Insider Buying and Selling

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 sale, the chief financial officer directly owned 488,716 shares in the company, valued at $3,450,334.96. This represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of BigBear.ai in the 2nd quarter valued at approximately $1,669,000. Swiss National Bank increased its position in shares of BigBear.ai by 51.1% in the 2nd quarter. Swiss National Bank now owns 552,100 shares of the company’s stock valued at $3,749,000 after purchasing an additional 186,600 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of BigBear.ai by 980.7% in the 2nd quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock valued at $2,505,000 after purchasing an additional 334,799 shares in the last quarter. Finally, McGuire Investment Group LLC lifted its position in shares of BigBear.ai by 89.0% during the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock worth $588,000 after purchasing an additional 40,806 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other 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.