BigBear.ai (NYSE:BBAI) Stock Price Up 3.8% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 3.8% during mid-day trading on Thursday . The stock traded as high as $8.28 and last traded at $7.85. 125,212,241 shares traded hands during trading, an increase of 154% from the average session volume of 49,232,436 shares. The stock had previously closed at $7.56.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright boosted their price objective on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th.

BigBear.ai Trading Up 2.1%

The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -9.89 and a beta of 3.46. The business's fifty day simple moving average is $4.04 and its 200 day simple moving average is $4.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share 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 company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the previous year, the company posted ($0.67) earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction that occurred on 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 owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director owned 255,239 shares of the company's stock, valued at $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,987 shares of company stock worth $614,608. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. acquired a new position in shares of BigBear.ai during the fourth quarter valued at about $325,000. Charles Schwab Investment Management Inc. increased its holdings in shares of BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock valued at $415,000 after buying an additional 61,998 shares during the last quarter. Vanguard Group Inc. boosted its position in BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after buying an additional 23,994 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after buying an additional 5,591 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

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.

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