BigBear.ai (NYSE:BBAI) Trading 4.8% Higher - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was up 4.8% during mid-day trading on Friday . The company traded as high as $4.48 and last traded at $4.32. Approximately 13,157,766 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 32,884,762 shares. The stock had previously closed at $4.12.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BBAI shares. HC Wainwright upped their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Trading Up 47.0 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $2.28. The firm has a market cap of $1.82 billion, a PE ratio of -7.88 and a beta of 3.17.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business's revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $44,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai in the fourth quarter worth $47,000. Bay Rivers Group acquired a new position in shares of BigBear.ai in the 4th quarter valued at approximately $48,000. Apollon Wealth Management LLC acquired a new stake in BigBear.ai in the fourth quarter valued at $65,000. Finally, Choreo LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $67,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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.