BigBear.ai (NYSE:BBAI) Trading 10.9% Higher – Here’s Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 10.9% on Thursday . The stock traded as high as $3.95 and last traded at $3.76. 29,205,881 shares were traded during trading, a decline of 13% from the average session volume of 33,596,965 shares. The stock had previously closed at $3.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a market cap of $1.02 billion, a P/E ratio of -4.46 and a beta of 3.21. 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 company has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $2.02.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share 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 stock was 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 owns 2,445,449 shares of the company’s stock, valued at $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 through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently modified their holdings of the stock. State Street Corp raised 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 acquiring an additional 267,673 shares during the period. Geode Capital Management LLC grew its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Sovereign Financial Group Inc. grew its holdings in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares during the last quarter. Barclays PLC grew its holdings in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after buying an additional 643,570 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.