BigBear.ai (NYSE:BBAI) Sees Unusually-High Trading Volume - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw an uptick in trading volume on Monday . 44,061,825 shares changed hands during mid-day trading, a decline of 43% from the previous session's volume of 77,175,414 shares.The stock last traded at $6.62 and had previously closed at $5.84.

Analysts Set New Price Targets

BBAI has been the topic of several research reports. Cantor Fitzgerald dropped their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a 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 note on Friday, March 7th. Finally, Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

BigBear.ai Price Performance

The firm has a 50 day moving average of $3.77 and a 200-day moving average of $4.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.09 billion, a P/E ratio of -9.18 and a beta of 3.30.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results 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 57.83% and a negative net margin of 121.31%. BigBear.ai's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.67) EPS. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director now owns 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the completion of the sale, the chief accounting officer now owns 293,639 shares of the company's stock, valued at $977,817.87. The trade was a 3.29% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of BigBear.ai by 41.6% in the 4th quarter. Rhumbline Advisers now owns 111,825 shares of the company's stock worth $498,000 after buying an additional 32,829 shares during the last quarter. Private Advisor Group LLC boosted its holdings in BigBear.ai by 107.0% in the fourth quarter. Private Advisor Group LLC now owns 30,008 shares of the company's stock worth $134,000 after acquiring an additional 15,508 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of BigBear.ai in the 4th quarter valued at approximately $196,000. Oppenheimer & Co. Inc. purchased a new position in shares of BigBear.ai in the fourth quarter worth $325,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. 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.

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