Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) were down 4.5% on Tuesday . The company traded as low as $5.01 and last traded at $5.09. Approximately 83,220,172 shares were traded during trading, an increase of 81% from the average daily volume of 45,911,624 shares. The stock had previously closed at $5.3310.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BBAI shares. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Cantor Fitzgerald decreased their price target on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. HC Wainwright decreased their price target 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.50.
View Our Latest Research Report on BigBear.ai
BigBear.ai Stock Performance
BigBear.ai (NYSE:BBAI – Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative return on equity of 16.02% and a negative net margin of 226.69%.The firm had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. During the same period last year, the business posted ($0.43) earnings per share. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.
Insider Transactions at BigBear.ai
In other news, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the transaction, the director directly owned 508,687 shares in the company, valued at $2,034,748. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,000 shares of company stock worth $424,950 over the last three months. 0.57% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC grew its holdings in BigBear.ai by 617.5% during the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after acquiring an additional 4,631 shares during the period. PNC Financial Services Group Inc. grew its holdings in BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,392 shares during the period. HM Payson & Co. grew its holdings in BigBear.ai by 616.9% during the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after acquiring an additional 6,169 shares during the period. Hollencrest Capital Management acquired a new stake in BigBear.ai during the first quarter worth about $41,000. Finally, Krilogy Financial LLC acquired a new stake in BigBear.ai during the first quarter worth about $43,000. 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.
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