BigBear.ai (NYSE:BBAI) Stock Price Up 1.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 1.8% on Monday . The company traded as high as $6.61 and last traded at $6.56. Approximately 42,182,274 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 52,961,700 shares. The stock had previously closed at $6.44.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price on 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 Up 15.6%

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.40 billion, a P/E ratio of -10.55 and a beta of 3.46. The firm has a fifty day moving average price of $4.84 and a 200 day moving average price of $4.43.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The company had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. During the same period in the previous year, the company posted ($0.67) EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share 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 dated Wednesday, May 7th. The stock was 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 directly owned 270,061 shares in the company, valued at approximately $823,686.05. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the transaction, the director owned 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 disclosure for this sale can be found here. Insiders have sold a total of 165,987 shares of company stock valued at $614,608 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in BigBear.ai by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after acquiring an additional 2,325 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in BigBear.ai in the 2nd quarter valued at $68,000. Kieckhefer Group LLC raised its holdings in BigBear.ai by 18.8% in the 2nd quarter. Kieckhefer Group LLC now owns 265,640 shares of the company's stock valued at $1,804,000 after acquiring an additional 42,017 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in BigBear.ai by 1,376.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,190 shares of the company's stock valued at $69,000 after acquiring an additional 9,500 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in BigBear.ai in the 2nd quarter valued at $98,000. 7.55% of the stock is currently 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.