BigBear.ai (NYSE:BBAI) Stock Price Up 18.1% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares rose 18.1% during trading on Tuesday . The company traded as high as $5.07 and last traded at $5.00. Approximately 35,697,069 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 33,672,082 shares. The stock had previously closed at $4.23.

Analysts Set New Price Targets

BBAI has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Up 16.7 %

The firm has a market cap of $1.24 billion, a P/E ratio of -5.42 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm’s fifty day moving average is $3.50 and its 200 day moving average is $2.26.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sovereign Financial Group Inc. acquired a new position in BigBear.ai during the 3rd quarter worth approximately $36,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the 4th quarter worth approximately $44,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai during the 4th quarter worth approximately $47,000. Bay Rivers Group acquired a new position in BigBear.ai during the 4th quarter worth approximately $48,000. Finally, Intech Investment Management LLC acquired a new position in BigBear.ai during the 3rd quarter worth approximately $61,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.