BigBear.ai (NYSE:BBAI) Stock Price Up 17.1% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded up 17.1% on Tuesday . The stock traded as high as $4.95 and last traded at $4.90. 111,865,206 shares changed hands during trading, an increase of 174% from the average session volume of 40,813,444 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BBAI shares. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Trading Down 8.2%

The firm has a market cap of $1.40 billion, a PE ratio of -6.15 and a beta of 3.29. The firm has a fifty day simple moving average of $3.64 and a two-hundred day simple moving average of $4.05. 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 posted its quarterly earnings data 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). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. During the same quarter last year, the company posted ($0.67) EPS. BigBear.ai's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer now directly owns 634,153 shares of the company's stock, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director now directly owns 255,239 shares in the company, valued at $918,860.40. This trade represents 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 168,053 shares of company stock valued at $620,599 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Large investors have recently made changes to their positions in the stock. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai during the 1st quarter valued at about $26,000. City State Bank purchased a new position in shares of BigBear.ai during the 1st quarter worth $29,000. Cornerstone Wealth Management LLC bought a new stake in shares of BigBear.ai during the 1st quarter valued at $29,000. Blue Bell Private Wealth Management LLC raised its holdings in BigBear.ai by 2,216.0% in the 1st 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 purchased a new position in BigBear.ai during the first quarter valued at $34,000. 7.55% of the stock is currently 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.