BigBear.ai (NYSE:BBAI) Trading 0.7% Higher – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 0.7% during trading on Tuesday . The stock traded as high as $3.87 and last traded at $3.71. Approximately 6,721,193 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 33,717,258 shares. The stock had previously closed at $3.68.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Up 0.4 %

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 firm has a market capitalization of $929.48 million, a price-to-earnings ratio of -4.06 and a beta of 3.21. The firm’s 50-day moving average is $3.32 and its 200 day moving average is $2.17.

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

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 over the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after buying an additional 68,663 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of BigBear.ai during the second quarter worth approximately $58,000. Bank of Montreal Can lifted its holdings in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the period. Finally, Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the 3rd quarter valued at $36,000. 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.