BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price shot up 5.9% during mid-day trading on Monday . The company traded as high as $3.40 and last traded at $3.35. 24,619,678 shares were traded during mid-day trading, a decline of 12% from the average session volume of 28,060,823 shares. The stock had previously closed at $3.16.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on BBAI shares. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald cut their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, HC Wainwright reduced their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.
Read Our Latest Stock Analysis on BigBear.ai
BigBear.ai Stock Performance
The business has a 50-day simple moving average of $3.06 and a 200 day simple moving average of $3.65. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $1.12 billion, a PE ratio of -4.23 and a beta of 3.32.
BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results 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 net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.67) earnings per share. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.
Insider Activity at BigBear.ai
In related news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at $814,205.50. This trade represents a 13.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Julie Peffer sold 45,924 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $3.48, for a total value of $159,815.52. Following the transaction, the chief financial officer now directly owns 684,153 shares in the company, valued at approximately $2,380,852.44. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,219 shares of company stock valued at $439,005. Insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On BigBear.ai
A number of institutional investors have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP acquired a new position in BigBear.ai in the 4th quarter valued at about $284,721,000. Vanguard Group Inc. increased its stake in BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after acquiring an additional 534,963 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $9,780,000 after purchasing an additional 38,858 shares during the period. TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai in the 4th quarter valued at $4,005,000. Finally, Northern Trust Corp grew its holdings in shares of BigBear.ai by 10.5% during the 4th quarter. Northern Trust Corp now owns 839,503 shares of the company's stock worth $3,736,000 after purchasing an additional 79,593 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.
About BigBear.ai
(
Get Free Report)
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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