BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) shares fell 3.1% on Tuesday . The company traded as low as $4.06 and last traded at $4.1850. 34,689,219 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 49,305,637 shares. The stock had previously closed at $4.32.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. HC Wainwright decreased their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Finally, Cantor Fitzgerald decreased their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.50.
View Our Latest Report on BigBear.ai
BigBear.ai Stock Performance
BigBear.ai (NYSE:BBAI – Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The firm had revenue of $27.30 million during the quarter, compared to analyst estimates of $33.31 million. During the same quarter last year, the business posted ($0.43) EPS. The company’s revenue for the quarter was down 37.7% on a year-over-year basis. Analysts expect that BigBear.ai Holdings, Inc. will post -0.2 earnings per share for the current year.
Insider Activity at BigBear.ai
In other news, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the sale, the director owned 508,687 shares in the company, valued at $2,034,748. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the sale, the director owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.
Institutional Investors Weigh In On BigBear.ai
Several large investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in shares of BigBear.ai during the 1st quarter worth approximately $41,000. Spartan Wealth Advisory Services LLC bought a new position in BigBear.ai in the 1st quarter worth approximately $84,000. Wealthfront Advisers LLC boosted its holdings in BigBear.ai by 14.6% in the 1st quarter. Wealthfront Advisers LLC now owns 80,549 shares of the company’s stock worth $284,000 after buying an additional 10,267 shares during the period. Bank of New York Mellon Corp boosted its holdings in BigBear.ai by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,264,406 shares of the company’s stock worth $4,451,000 after buying an additional 6,365 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in BigBear.ai by 34.2% in the 1st quarter. Sanctuary Advisors LLC now owns 25,517 shares of the company’s stock worth $90,000 after buying an additional 6,506 shares during the period. Hedge funds and other 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.
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