Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) saw an uptick in trading volume on Wednesday . 11,081,596 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 7,229,414 shares.The stock last traded at $2.75 and had previously closed at $2.83.
Analyst Ratings Changes
Several research firms have weighed in on BBAI. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.
Get Our Latest Research Report on BBAI
BigBear.ai Stock Down 9.5 %
BigBear.ai (NYSE:BBAI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. BigBear.ai’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insider Buying and Selling
In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BigBear.ai
Several institutional investors have recently made changes to their positions in BBAI. Price T Rowe Associates Inc. MD purchased a new position in shares of BigBear.ai during the first quarter valued at $31,000. Baader Bank Aktiengesellschaft purchased a new position in shares of BigBear.ai during the second quarter valued at $32,000. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the third quarter valued at $36,000. XTX Topco Ltd bought a new stake in BigBear.ai during the second quarter valued at about $58,000. Finally, Intech Investment Management LLC bought a new stake in BigBear.ai during the third quarter valued at about $61,000. 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.
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