BigBear.ai (NYSE:BBAI) Stock Price Up 0.9% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded up 0.9% on Monday . The company traded as high as $4.79 and last traded at $4.57. 19,735,644 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 35,352,191 shares. The stock had previously closed at $4.53.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BBAI. HC Wainwright upped their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market cap of $829.44 million, a PE ratio of -3.64 and a beta of 3.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average price of $2.76 and a 200 day moving average price of $1.95.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period in the previous year, the business earned $0.03 earnings per share. BigBear.ai’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,032 shares of company stock valued at $2,184,876. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the company. Sovereign Financial Group Inc. purchased a new position in BigBear.ai during the third quarter worth about $36,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai during the 2nd quarter valued at about $58,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai during the 3rd quarter worth about $61,000. The Manufacturers Life Insurance Company boosted its position in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in BigBear.ai in the third quarter valued at approximately $131,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

About BigBear.ai

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.