BigBear.ai (NYSE:BBAI) Stock Price Up 10.9% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 10.9% during mid-day trading on Thursday . The stock traded as high as $3.95 and last traded at $3.76. Approximately 29,205,881 shares changed hands during trading, a decline of 13% from the average daily volume of 33,596,965 shares. The stock had previously closed at $3.39.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Down 5.3 %

The stock has a market cap of $985.32 million, a P/E ratio of -4.32 and a beta of 3.21. 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 business’s fifty day simple moving average is $3.04 and its 200 day simple moving average is $2.05.

BigBear.ai (NYSE:BBAI) last issued 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. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of large investors have recently made changes to their positions in the company. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter worth approximately $44,000. Grove Bank & Trust raised its holdings in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares during the period. Sovereign Financial Group Inc. lifted its position in BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after acquiring an additional 174,815 shares in the last quarter. Barclays PLC boosted its stake in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the period. Finally, Geode Capital Management LLC increased its holdings in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. 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.