BigBear.ai (NYSE:BBAI) Sees Large Volume Increase - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw an uptick in trading volume on Tuesday . 32,531,731 shares traded hands during trading, a decline of 3% from the previous session's volume of 33,494,414 shares.The stock last traded at $3.90 and had previously closed at $3.95.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. HC Wainwright lowered their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Friday, March 7th.

BigBear.ai Stock Down 11.2%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $1.10 billion, a P/E ratio of -4.16 and a beta of 3.29. The stock has a 50-day moving average of $3.27 and a two-hundred day moving average of $3.87.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.67) EPS. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the sale, the chief financial officer now owns 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,219 shares of company stock valued at $752,605. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP purchased a new position in BigBear.ai during the 4th quarter valued at $284,721,000. Vanguard Group Inc. increased its position in shares of BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after buying an additional 534,963 shares during the period. Goldman Sachs Group Inc. increased its position in shares of BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after buying an additional 1,990,822 shares during the period. Geode Capital Management LLC raised its stake in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after buying an additional 38,858 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in BigBear.ai in the first quarter worth about $3,811,000. 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.