BigBear.ai (NYSE:BBAI) Stock Price Up 2.2% - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price rose 2.2% during mid-day trading on Friday . The stock traded as high as $8.28 and last traded at $7.73. Approximately 201,359,253 shares traded hands during mid-day trading, an increase of 306% from the average daily volume of 49,656,135 shares. The stock had previously closed at $7.56.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Stock Performance

The company has a market capitalization of $2.25 billion, a P/E ratio of -9.90 and a beta of 3.46. The company's 50 day moving average is $4.22 and its 200-day moving average is $4.24. 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) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. During the same period in the prior year, the firm earned ($0.67) earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer owned 634,153 shares in the company, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, 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. Over the last three months, insiders have sold 165,987 shares of company stock valued at $614,608. Insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Oppenheimer & Co. Inc. bought a new stake in shares of BigBear.ai in the fourth quarter worth approximately $325,000. Charles Schwab Investment Management Inc. grew its position in BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after purchasing an additional 8,879 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of BigBear.ai by 198.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after buying an additional 61,998 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after acquiring an additional 23,994 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after acquiring an additional 5,591 shares during the period. 7.55% of the stock is currently owned by hedge funds and other 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.