BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 2.2% during mid-day trading on Thursday . The stock traded as high as $6.81 and last traded at $6.55. Approximately 26,719,957 shares changed hands during trading, a decline of 70% from the average daily volume of 88,172,695 shares. The stock had previously closed at $6.41.
Analyst Upgrades and Downgrades
Separately, 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, July 1st.
Check Out Our Latest Research Report on BBAI
BigBear.ai Stock Up 0.9%
The business's fifty day moving average price is $5.72 and its 200 day moving average price is $4.71. The company has a market capitalization of $1.87 billion, a P/E ratio of -8.22 and a beta of 3.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55.
BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The business had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. BigBear.ai's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.67) earnings per share. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
Insider Transactions at BigBear.ai
In other news, CAO Sean Raymond Ricker sold 14,063 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares of the company's stock, valued at approximately $823,686.05. This represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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
Large investors have recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the 1st quarter worth about $26,000. City State Bank acquired a new stake in BigBear.ai in the 1st quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new stake in BigBear.ai in the 1st quarter valued at about $29,000. Blue Bell Private Wealth Management LLC increased its position in BigBear.ai by 2,216.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after acquiring an additional 11,080 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in BigBear.ai in the 1st quarter valued at about $34,000. Institutional investors own 7.55% of the company's stock.
About BigBear.ai
(
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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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