BigBear.ai (NYSE:BBAI) Shares Down 5.7% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 5.7% on Wednesday . The company traded as low as $6.01 and last traded at $6.0450. Approximately 32,832,227 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 63,903,641 shares. The stock had previously closed at $6.41.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 lowered shares of BigBear.ai from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $6.00 in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

BigBear.ai Stock Down 4.8%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. The stock’s 50 day simple moving average is $6.09 and its 200 day simple moving average is $6.40. The firm has a market cap of $2.67 billion, a P/E ratio of -4.31 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data 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). The business had revenue of $33.14 million for 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 quarterly revenue was down 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Dorothy D. Hayes sold 22,000 shares of the 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 completion of the sale, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction that occurred on 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 directly owned 488,716 shares in the company, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. 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 have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in BigBear.ai by 32.6% in the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after purchasing an additional 6,790,890 shares in the last quarter. Jump Financial LLC bought a new position in shares of BigBear.ai in the second quarter valued at approximately $37,407,000. Two Sigma Investments LP increased its position in shares of BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after acquiring an additional 3,056,597 shares during the last quarter. Geode Capital Management LLC lifted its holdings in BigBear.ai by 125.2% during the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock worth $34,456,000 after acquiring an additional 2,820,698 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in BigBear.ai by 3,252.7% in the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after purchasing an additional 2,326,883 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.