BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-high trading volume on Thursday . Approximately 44,175,387 shares were traded during mid-day 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.

Analysts Set New Price Targets

BBAI has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

The company has a market capitalization of $1.83 billion, a PE ratio of -8.00 and a beta of 3.17. The stock’s 50-day simple moving average is $3.66 and its 200 day simple moving average is $2.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

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, beating analysts’ consensus estimates 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 company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the firm earned $0.03 earnings per share. BigBear.ai’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred 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 owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last 90 days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the 4th quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai in the 4th quarter valued at about $44,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai in the 4th quarter valued at about $47,000. Bay Rivers Group purchased a new stake in shares of BigBear.ai during the fourth quarter worth about $48,000. Finally, Jones Financial Companies Lllp raised its position in shares of BigBear.ai by 4,202.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock valued at $57,000 after buying an additional 12,607 shares during the last quarter. Hedge funds and other institutional investors 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.