BigBear.ai (NYSE:BBAI) Stock Price Up 0.8% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price shot up 0.8% on Thursday . The stock traded as high as $7.82 and last traded at $7.17. 86,358,827 shares traded hands during trading, an increase of 83% from the average session volume of 47,177,395 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

Several brokerages have weighed in on BBAI. HC Wainwright lifted their price target 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 reiterated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The stock has a market cap of $1.79 billion, a P/E ratio of -7.84 and a beta of 3.17. 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 firm’s 50-day moving average price is $3.66 and its 200-day moving average price is $2.32.

BigBear.ai (NYSE:BBAI) last announced 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 net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. BigBear.ai’s quarterly revenue was up 22.1% on a year-over-year basis. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, 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 transaction, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai 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 transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the period. State Street Corp lifted its stake in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after acquiring an additional 8,879 shares during the period. Sargent Investment Group LLC purchased a new stake in BigBear.ai in the fourth quarter worth about $1,028,000. Finally, Sovereign Financial Group Inc. lifted its stake in BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after acquiring an additional 174,815 shares during the period. 7.55% of the stock is owned by hedge funds and other 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.