BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $4.24, but opened at $3.83. BigBear.ai shares last traded at $4.04, with a volume of 7,766,182 shares trading hands.
Wall Street Analyst Weigh In
BBAI has been the subject of a number of research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th.
Read Our Latest Analysis on BBAI
BigBear.ai Stock Performance
The firm has a market cap of $2.16 billion, a P/E ratio of -9.44 and a beta of 3.17. 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 stock's 50-day moving average is $3.87 and its 200 day moving average is $2.40.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm's revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.
Insider Transactions at BigBear.ai
In other news, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last 90 days. 1.40% of the stock is owned by corporate insiders.
Institutional Trading of BigBear.ai
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Geode Capital Management LLC boosted its stake in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after purchasing an additional 479,401 shares during the period. Barclays PLC grew its holdings in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after buying an additional 107,214 shares in the last quarter. Grove Bank & Trust increased its position in BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after buying an additional 100,900 shares during the period. Finally, Sargent Investment Group LLC bought a new stake in shares of BigBear.ai in the fourth quarter valued at about $1,028,000. Institutional investors own 7.55% of the company's stock.
About BigBear.ai
(
Get Free Report)
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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