BigBear.ai (NYSE:BBAI) Stock Price Up 24.7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price shot up 24.7% on Friday . The stock traded as high as $8.39 and last traded at $8.44. 83,269,623 shares were traded during mid-day trading, an increase of 62% from the average session volume of 51,359,652 shares. The stock had previously closed at $6.77.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright upped their price target 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.

BigBear.ai Stock Up 26.9 %

The business’s 50 day moving average is $3.75 and its 200 day moving average is $2.35. 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 stock has a market cap of $2.16 billion, a price-to-earnings ratio of -9.44 and a beta of 3.17.

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

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently modified their holdings of BBAI. Cape Investment Advisory Inc. acquired a new position in BigBear.ai during the 4th quarter worth $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter worth about $44,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the 4th quarter worth about $47,000. Bay Rivers Group bought a new stake in BigBear.ai during the 4th quarter valued at approximately $48,000. Finally, Jones Financial Companies Lllp boosted its stake in BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock valued at $57,000 after purchasing an additional 12,607 shares during the period. 7.55% of the stock is owned by institutional investors.

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.