BigBear.ai (NYSE:BBAI) Shares Up 12.3% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 12.3% on Thursday . The stock traded as high as $8.30 and last traded at $7.99. 100,024,857 shares changed hands during trading, an increase of 84% from the average session volume of 54,506,810 shares. The stock had previously closed at $7.12.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Down 3.4%

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.31 billion, a PE ratio of -10.18 and a beta of 3.46. The stock's fifty day simple moving average is $5.03 and its 200-day simple moving average is $4.48.

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 net margin of 121.31% and a negative return on equity of 57.83%. The firm had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. During the same period in the prior year, the company earned ($0.67) EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dorothy D. Hayes sold 26,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 255,239 shares in the company, valued at $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai 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 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 three months. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC bought a new stake in shares of BigBear.ai in the first quarter worth approximately $26,000. City State Bank purchased a new stake in BigBear.ai in the first quarter worth approximately $29,000. Cornerstone Wealth Management LLC bought a new stake in BigBear.ai in the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC increased its position in 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 acquiring an additional 11,080 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of BigBear.ai in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.