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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares saw an uptick in trading volume on Tuesday . 81,942,921 shares were traded during trading, an increase of 101% from the previous session's volume of 40,725,561 shares.The stock last traded at $4.85 and had previously closed at $4.18.

Analysts Set New Price Targets

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

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The stock's 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $4.05. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -6.15 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the prior year, the firm earned ($0.67) EPS. The firm's quarterly revenue was up 4.9% 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 Activity

In other BigBear.ai news, CFO Julie Peffer sold 20,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the sale, the chief financial officer now directly owns 730,077 shares of the company's stock, valued at approximately $2,372,750.25. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 10,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $3.33, for a total value 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 represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 168,053 shares of company stock worth $620,599. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $284,721,000. Vanguard Group Inc. increased its stake in shares of BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after acquiring an additional 534,963 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 acquiring an additional 1,990,822 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after acquiring an additional 38,858 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of BigBear.ai in the 1st quarter valued at about $3,811,000. 7.55% of the stock is owned by 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.