BigBear.ai (NYSE:BBAI) Trading Up 10.7% - Still a Buy?

Key Points

• BigBear.ai's stock rose by 10.7% in mid-day trading, reaching a high of $7.28 and closing at $7.09, despite a significant decrease in trading volume.
• HC Wainwright increased its price target for BigBear.ai shares from $6.00 to $9.00 and maintained a "buy" rating for the company.
• The company reported a revenue of $34.76 million for the last quarter, which was below the consensus estimate of $36.26 million, and posted a loss of ($0.10) earnings per share.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 10.7% during mid-day trading on Monday . The stock traded as high as $7.28 and last traded at $7.09. 41,568,821 shares changed hands during trading, a decline of 53% from the average session volume of 87,969,930 shares. The stock had previously closed at $6.40.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their price target on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st.

BigBear.ai Stock Down 0.9%

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 company's 50-day simple moving average is $5.79 and its 200 day simple moving average is $4.75. The firm has a market cap of $2.05 billion, a P/E ratio of -9.01 and a beta of 3.44.

Insider Buying and Selling

In other news, Director Dorothy D. Hayes sold 26,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director directly owned 255,239 shares of the company's stock, valued at $918,860.40. This represents a 9.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the transaction, the chief accounting officer owned 270,061 shares of the company's stock, valued at approximately $823,686.05. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,987 shares of company stock worth $581,308 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after buying an additional 1,629 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of BigBear.ai by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock worth $158,000 after buying an additional 2,325 shares in the last quarter. Deutsche Bank AG boosted its position in shares of BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after buying an additional 2,427 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of BigBear.ai by 68.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock worth $42,000 after buying an additional 2,527 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after buying an additional 3,797 shares in the last quarter. 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.