BigBear.ai (NYSE:BBAI) Shares Down 7.9% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 7.9% during trading on Thursday . The stock traded as low as $5.42 and last traded at $5.5350. 101,740,713 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 83,949,344 shares. The stock had previously closed at $6.01.

Analyst Ratings Changes

BBAI has been the topic of several analyst reports. HC Wainwright restated a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Wall Street Zen cut shares of BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald lowered shares of BigBear.ai from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $6.00 in a research note on Wednesday, January 7th. One research analyst has 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, BigBear.ai has a consensus rating of “Hold” and a consensus target price of $6.00.

BigBear.ai Stock Down 7.9%

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The stock’s fifty day simple moving average is $6.06 and its 200-day simple moving average is $6.34. The stock has a market cap of $2.42 billion, a P/E ratio of -3.90 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last posted its 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 net margin of 274.70% and a negative return on equity of 26.11%. The firm had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was down 20.1% on a year-over-year basis. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total transaction of $35,300.00. Following the sale, the chief financial officer owned 488,716 shares of the company’s stock, valued at $3,450,334.96. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction 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 transaction, the director directly owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. The trade was a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. Vanguard Group Inc. lifted its stake in BigBear.ai by 18.4% during the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock valued at $176,555,000 after purchasing an additional 5,090,508 shares during the last quarter. UBS Group AG raised its holdings in shares of BigBear.ai by 145.7% during the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after purchasing an additional 6,158,665 shares in the last quarter. Jump Financial LLC acquired a new stake in BigBear.ai in the 2nd quarter worth approximately $37,407,000. Geode Capital Management LLC boosted 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 valued at $34,456,000 after acquiring an additional 2,820,698 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of BigBear.ai by 165.5% in 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 period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.