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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 3.4% on Tuesday . The company traded as low as $3.49 and last traded at $3.5550. 25,538,370 shares were traded during trading, a decline of 56% from the average session volume of 58,382,949 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

A number of research firms have weighed in on BBAI. Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, January 21st. HC Wainwright cut their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald reduced their target price on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BigBear.ai presently has a consensus rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Down 6.7%

The company’s fifty day moving average price is $4.51 and its two-hundred day moving average price is $5.73. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.58 billion, a P/E ratio of -3.32 and a beta of 3.49.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $27.30 million during the quarter, compared to the consensus estimate of $33.31 million. BigBear.ai had a negative net margin of 230.21% and a negative return on equity of 18.22%. The firm’s quarterly revenue was down 37.7% on a year-over-year basis. During the same period last year, the firm posted ($0.43) EPS. As a group, sell-side 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, Director Pamela Joyce Braden sold 80,000 shares of BigBear.ai stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the transaction, the director owned 508,687 shares in the company, valued at approximately $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in BigBear.ai by 26.4% during the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after purchasing an additional 5,579 shares in the last quarter. AQR Capital Management LLC acquired a new position in BigBear.ai in the first quarter worth $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BigBear.ai by 54.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after purchasing an additional 160,096 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of BigBear.ai by 441.1% during the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock worth $213,000 after purchasing an additional 60,583 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after purchasing an additional 1,990,822 shares during the last quarter. 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.