BigBear.ai (NYSE:BBAI) Trading Up 0.7% – What’s Next?

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

Analyst Ratings Changes

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

BigBear.ai Trading Up 0.4 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The business has a 50-day simple moving average of $3.32 and a two-hundred day simple moving average of $2.17. The stock has a market cap of $929.48 million, a price-to-earnings ratio of -4.06 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share 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 business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction 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 approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BBAI. State Street Corp increased its holdings in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares during the period. Geode Capital Management LLC increased its stake in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Barclays PLC raised its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares in the last quarter. Grove Bank & Trust lifted its stake in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after purchasing an additional 100,900 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its holdings in shares of BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after purchasing an additional 174,815 shares in the last quarter. 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.