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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 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.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Up 0.9%

The company has a market cap of $1.70 billion, a price-to-earnings ratio of -7.51 and a beta of 3.29. The stock has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $4.06. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued 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). The company had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.67) earnings per share. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the transaction, the chief accounting officer now owns 270,061 shares in the company, valued at $823,686.05. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director now directly owns 255,239 shares of the company's stock, valued at $918,860.40. This represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,053 shares of company stock valued at $620,599 in the last quarter. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the business. AE Industrial Partners LP purchased a new position in shares of BigBear.ai during the 4th quarter valued at $284,721,000. Goldman Sachs Group Inc. raised its position in 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 acquiring an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BigBear.ai in the first quarter valued at approximately $3,811,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai in the fourth quarter worth approximately $4,005,000. Finally, Soviero Asset Management LP acquired a new position in shares of BigBear.ai during the 4th quarter worth $3,248,000. 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.