BigBear.ai (NYSE:BBAI) Stock Price Up 2.3% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 2.3% during mid-day trading on Tuesday . The company traded as high as $8.72 and last traded at $7.96. Approximately 83,737,221 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 50,458,655 shares. The stock had previously closed at $7.78.

Analyst Ratings Changes

Separately, HC Wainwright raised their price target on BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Trading Down 2.8%

The business has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $4.31. 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 stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -9.46 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.67) earnings per share. On average, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other news, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares of the company's stock, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 transaction, the director directly owned 255,239 shares in the company, valued at $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,987 shares of company stock valued at $614,608 in the last three months. Corporate 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. Charles Schwab Investment Management Inc. raised its holdings in shares of BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after buying an additional 8,879 shares during the period. Commonwealth Equity Services LLC increased its holdings in BigBear.ai by 198.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after purchasing an additional 61,998 shares during the last quarter. Vanguard Group Inc. increased its holdings in BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after purchasing an additional 23,994 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after purchasing an additional 5,591 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in BigBear.ai by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock worth $178,000 after purchasing an additional 7,177 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.