BigBear.ai (NYSE:BBAI) Stock Price Up 4.1% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were up 4.1% during mid-day trading on Wednesday . The company traded as high as $4.01 and last traded at $3.95. Approximately 45,008,122 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 62,525,828 shares. The stock had previously closed at $3.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $2.50 to $4.00 in a report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, HC Wainwright dropped their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.

BigBear.ai Price Performance

The stock has a fifty day moving average of $3.27 and a two-hundred day moving average of $3.87. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.16 and a beta of 3.29. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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). The business had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.67) earnings per share. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Julie Peffer sold 50,000 shares of the business'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 completion of the sale, the chief financial officer now directly owns 634,153 shares of the company's stock, valued at $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,219 shares of company stock worth $752,605 over the last 90 days. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC bought a new stake in BigBear.ai during the 1st quarter worth approximately $26,000. City State Bank purchased a new stake in shares of BigBear.ai during the first quarter worth $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai in the first quarter worth $29,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after purchasing an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of BigBear.ai in the first quarter worth $34,000. 7.55% of the stock is owned by institutional investors.

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.