BigBear.ai (NYSE:BBAI) Trading 2.8% Higher - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares rose 2.8% during mid-day trading on Wednesday . The stock traded as high as $3.99 and last traded at $3.88. Approximately 38,307,052 shares were traded during trading, a decline of 41% from the average daily volume of 64,528,027 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Down 3.0%

The stock has a market cap of $1.08 billion, a P/E ratio of -4.08 and a beta of 3.29. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The business has a 50-day simple moving average of $3.40 and a 200-day simple moving average of $3.97.

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 for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business 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 109.90% and a negative return on equity of 138.35%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.67) earnings per share. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other BigBear.ai news, Director Dorothy D. Hayes sold 26,000 shares of the business'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 transaction, the director now owns 255,239 shares of the company's stock, valued at $918,860.40. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Sean Raymond Ricker sold 10,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 293,639 shares in the company, valued at approximately $977,817.87. This represents a 3.29% 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 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Institutional investors have recently modified their holdings of the stock. Choreo LLC bought a new position in BigBear.ai in the fourth quarter valued at about $67,000. Apollon Wealth Management LLC bought a new position in shares of BigBear.ai during the fourth quarter worth about $65,000. Vontobel Holding Ltd. bought a new position in shares of BigBear.ai during the fourth quarter worth about $238,000. Rhumbline Advisers raised its position in shares of BigBear.ai by 41.6% during the fourth quarter. Rhumbline Advisers now owns 111,825 shares of the company's stock worth $498,000 after acquiring an additional 32,829 shares during the last quarter. Finally, Retirement Income Solutions Inc bought a new position in shares of BigBear.ai during the fourth quarter worth about $47,000. 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.