BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price rose 4.1% during mid-day trading on Wednesday . The stock traded as high as $7.82 and last traded at $7.68. Approximately 33,213,622 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 56,226,751 shares. The stock had previously closed at $7.37.
Wall Street Analyst Weigh In
Separately, HC Wainwright increased their price objective on shares of BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.
Get Our Latest Analysis on BBAI
BigBear.ai Stock Performance
The company's fifty day moving average price is $5.19 and its two-hundred day moving average price is $4.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $2.31 billion, a PE ratio of -10.11 and a beta of 3.46.
BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.67) earnings per share. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director owned 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the transaction, the chief accounting officer directly owned 270,061 shares in the company, valued at $823,686.05. The trade was a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,987 shares of company stock valued at $614,608 over the last 90 days. 1.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On BigBear.ai
A number of institutional investors have recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new position in BigBear.ai in the 1st quarter valued at approximately $26,000. City State Bank acquired a new position in shares of BigBear.ai during the first quarter worth $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the first quarter worth $29,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after buying an additional 11,080 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in BigBear.ai in the first quarter valued at $34,000. 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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