BigBear.ai (NYSE:BBAI) Trading Up 0.9% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 0.9% during trading on Monday . The stock traded as high as $4.79 and last traded at $4.57. Approximately 19,735,644 shares were traded during trading, a decline of 44% from the average daily volume of 35,352,191 shares. The stock had previously closed at $4.53.

Analyst Ratings Changes

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

BigBear.ai Price Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day moving average of $2.76 and a 200-day moving average of $1.95. The stock has a market capitalization of $829.44 million, a price-to-earnings ratio of -3.64 and a beta of 3.21.

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

Insider Activity

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 849,032 shares of company stock valued at $2,184,876. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently modified their holdings of the stock. Sovereign Financial Group Inc. purchased a new position in BigBear.ai in the 3rd quarter valued at $36,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai in the second quarter valued at about $58,000. Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the third quarter worth about $61,000. The Manufacturers Life Insurance Company increased its stake in shares of BigBear.ai by 135.0% during 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 period. Finally, Koshinski Asset Management Inc. purchased a new position in BigBear.ai during the third quarter worth about $131,000. Hedge funds and other institutional investors 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.