BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume After Analyst Upgrade

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) saw an uptick in trading volume on Monday after HC Wainwright raised their price target on the stock from $3.00 to $7.00. HC Wainwright currently has a buy rating on the stock. 15,043,709 shares were traded during trading, an increase of 38% from the previous session’s volume of 10,935,650 shares.The stock last traded at $4.19 and had previously closed at $4.21.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction 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 directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 782,892 shares of company stock worth $1,887,246. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its holdings in shares of 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 acquiring an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares in the last quarter. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the third quarter valued at approximately $36,000. Intech Investment Management LLC bought a new stake in BigBear.ai during the third quarter valued at approximately $61,000. Finally, Rhumbline Advisers grew its stake in BigBear.ai by 206.2% in 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 in the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Down 7.5 %

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market cap of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58. The stock’s fifty day moving average price is $2.44 and its 200 day moving average price is $1.82.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data 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 firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

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.