BigBear.ai (NYSE:BBAI) Stock Price Up 0.9% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several research analysts have commented on BBAI shares. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -4.78 and a beta of 3.21. 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 $2.66 and a 200-day moving average of $1.91.

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 news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 782,892 shares of company stock valued at $1,887,246. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of 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 purchasing an additional 267,673 shares during the last quarter. Bank of Montreal Can grew its position in BigBear.ai by 6,435.7% in the 2nd 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 last quarter. The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after buying an additional 23,597 shares during the last quarter. XTX Topco Ltd increased its stake in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares during the period. Finally, Rhumbline Advisers raised its position in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after buying an additional 68,663 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.