BigBear.ai (NYSE:BBAI) Trading Up 4.1% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 4.1% during mid-day trading on Friday . The company traded as high as $4.46 and last traded at $4.28. Approximately 19,016,889 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 28,825,023 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BBAI. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Up 10.5 %

The company has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $1.88. The company has a market capitalization of $1.14 billion, a P/E ratio of -4.99 and a beta of 3.58. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm 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 earned $0.03 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, analysts forecast 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 other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, 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. Insiders sold 782,892 shares of company stock worth $1,887,246 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently made changes to their positions in the company. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai in the third quarter valued at $36,000. XTX Topco Ltd acquired a new stake in BigBear.ai in the 2nd quarter valued at about $58,000. Intech Investment Management LLC bought a new position in shares of BigBear.ai in the third quarter worth about $61,000. The Manufacturers Life Insurance Company lifted its position in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of BigBear.ai during the third quarter valued at approximately $131,000. 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.