BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded up 12.7% during trading on Wednesday after HC Wainwright raised their price target on the stock from $6.00 to $9.00. HC Wainwright currently has a buy rating on the stock. BigBear.ai traded as high as $7.85 and last traded at $7.50. 120,151,092 shares were traded during mid-day trading, an increase of 152% from the average session volume of 47,744,327 shares. The stock had previously closed at $6.65.
A number of other research analysts have also recently weighed in on the company. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report 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.
Check Out Our Latest Stock Analysis on BBAI
Insider Activity
In related news, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the transaction, the chief accounting officer owned 270,061 shares in the company, valued at approximately $823,686.05. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Julie Peffer sold 50,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,987 shares of company stock valued at $614,608. Company insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On BigBear.ai
Hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in BigBear.ai by 8.3% in the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after purchasing an additional 2,332 shares during the period. Deutsche Bank AG boosted its stake in shares of BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares during the period. Wells Fargo & Company MN grew its holdings in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares in the last quarter. Finally, Choreo LLC increased its stake in BigBear.ai by 25.3% during the 1st quarter. Choreo LLC now owns 18,817 shares of the company's stock worth $54,000 after buying an additional 3,802 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
BigBear.ai Trading Up 13.7%
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 company's 50 day moving average is $3.94 and its 200-day moving average is $4.15.
BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results 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 business had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. During the same period in the previous year, the firm posted ($0.67) earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
BigBear.ai Company Profile
(
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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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