BigBear.ai (NYSE:BBAI) Trading 1.9% Higher - Here's Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 1.9% during trading on Monday . The stock traded as high as $4.03 and last traded at $4.08. 53,592,403 shares were traded during mid-day trading, an increase of 34% from the average session volume of 39,973,361 shares. The stock had previously closed at $4.00.

Analyst Ratings Changes

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

BigBear.ai Trading Up 1.6%

The company's fifty day moving average is $3.51 and its two-hundred day moving average is $4.03. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -5.21 and a beta of 3.30. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly 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 company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.67) earnings per share. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In related news, CFO Julie Peffer sold 20,000 shares of BigBear.ai stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the sale, the chief financial officer now owns 730,077 shares in the company, valued at approximately $2,372,750.25. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the sale, the director now owns 255,239 shares of the company's stock, valued at $918,860.40. This trade represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,219 shares of company stock worth $752,605 in the last three months. Insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Rhumbline Advisers grew its holdings in shares of BigBear.ai by 18.1% during the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock worth $378,000 after purchasing an additional 20,187 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of BigBear.ai in the 1st quarter valued at approximately $26,000. Goldman Sachs Group Inc. raised its position in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of BigBear.ai by 441.1% in the 1st quarter. NewEdge Advisors LLC now owns 74,318 shares of the company's stock valued at $213,000 after purchasing an additional 60,583 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company's stock valued at $1,306,000 after purchasing an additional 160,096 shares in the last quarter. Hedge funds and other institutional investors 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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