BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 58,577,644 shares were traded during trading, an increase of 53% from the previous session's volume of 38,392,106 shares.The stock last traded at $4.17 and had previously closed at $4.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BBAI shares. HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $3.44 and a two-hundred day simple moving average of $3.99. The company has a market cap of $1.17 billion, a P/E ratio of -5.16 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.67) EPS. On average, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction of $33,300.00. Following the sale, the chief accounting officer now directly owns 293,639 shares of the company's stock, valued at $977,817.87. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer now directly owns 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,219 shares of company stock worth $752,605 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in BigBear.ai by 18.1% in the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock valued at $378,000 after acquiring an additional 20,187 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of BigBear.ai during the 1st quarter worth $26,000. Goldman Sachs Group Inc. increased its holdings in BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of BigBear.ai by 441.1% during the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company's stock valued at $213,000 after acquiring an additional 60,583 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BigBear.ai by 54.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company's stock worth $1,306,000 after acquiring an additional 160,096 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

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