BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw an uptick in trading volume on Thursday . 44,175,387 shares changed hands during trading, a decline of 3% from the previous session’s volume of 45,505,387 shares.The stock last traded at $7.05 and had previously closed at $7.11.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BBAI. HC Wainwright boosted their target price 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 set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 2.3 %

The firm has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $2.32. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.00 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $45.04 million. During the same period in the previous year, the firm earned $0.03 earnings per share. BigBear.ai’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in BBAI. Charles Schwab Investment Management Inc. lifted its stake in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock valued at $1,329,000 after purchasing an additional 8,879 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of BigBear.ai during the 4th quarter valued at $597,000. Jones Financial Companies Lllp boosted its stake in shares of BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after acquiring an additional 12,607 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $325,000. 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.