BigBear.ai (NYSE:BBAI) Shares Up 4.1% - Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) rose 4.1% during mid-day trading on Friday . The stock traded as high as $4.46 and last traded at $4.28. Approximately 19,016,889 shares were traded during trading, a decline of 34% from the average daily volume of 28,825,023 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

A number of research firms have commented on BBAI. HC Wainwright boosted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

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 moving average of $2.66 and a 200-day moving average of $1.90. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.98 and a beta of 3.58.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analysts' expectations 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 for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. 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 stock in a transaction that occurred 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. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 782,892 shares of company stock worth $1,887,246 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after purchasing an additional 23,597 shares in the last quarter. Sovereign Financial Group Inc. purchased a new position in BigBear.ai in the third quarter valued at about $36,000. Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the third quarter worth about $61,000. Finally, Rhumbline Advisers boosted its position in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock worth $154,000 after buying an additional 68,663 shares during the period. 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.