BigBear.ai (NYSE:BBAI) Trading 0.4% Higher - Here's Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were up 0.4% during mid-day trading on Friday . The company traded as high as $3.83 and last traded at $3.66. Approximately 27,361,076 shares were traded during trading, a decline of 7% from the average daily volume of 29,285,405 shares. The stock had previously closed at $3.64.

Analyst Ratings Changes

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

BigBear.ai Stock Up 0.4%

The firm's 50 day moving average price is $3.08 and its two-hundred day moving average price is $3.66. The firm has a market capitalization of $1.06 billion, a PE ratio of -4.03 and a beta of 3.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) EPS 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 analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.67) earnings per share. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Sean Raymond Ricker sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction 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. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Julie Peffer sold 20,000 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total value of $65,000.00. Following the completion of the transaction, the chief financial officer now directly owns 730,077 shares of the company's stock, valued at approximately $2,372,750.25. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,219 shares of company stock worth $439,005 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently bought and sold shares of BBAI. AE Industrial Partners LP bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $284,721,000. Vanguard Group Inc. lifted its position in BigBear.ai by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after purchasing an additional 534,963 shares during the period. Geode Capital Management LLC lifted its position in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after purchasing an additional 38,858 shares during the period. Cubist Systematic Strategies LLC bought a new position in BigBear.ai during the 1st quarter valued at $3,811,000. Finally, TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai during the 4th quarter valued at $4,005,000. Institutional investors and hedge funds 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.

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