BigBear.ai (NYSE:BBAI) Shares Up 3.4%

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was up 3.4% during trading on Friday . The stock traded as high as $2.01 and last traded at $2.00. Approximately 1,514,481 shares were traded during trading, a decline of 87% from the average daily volume of 11,536,676 shares. The stock had previously closed at $1.93.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated an "overweight" rating and set a $3.00 price target on shares of BigBear.ai in a report on Monday, March 4th.

BigBear.ai Price Performance

The company has a fifty day moving average of $2.29 and a 200-day moving average of $1.89. The firm has a market cap of $473.13 million, a P/E ratio of -4.64 and a beta of 3.68.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to analysts' expectations of $42.75 million. During the same period in the previous year, the business earned ($0.23) EPS. BigBear.ai's revenue for the quarter was up .5% on a year-over-year basis. On average, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $2.43, for a total transaction of $29,160.00. Following the transaction, the director now directly owns 209,401 shares in the company, valued at approximately $508,844.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other BigBear.ai news, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $2.43, for a total value of $29,160.00. Following the completion of the sale, the director now owns 209,401 shares in the company, valued at approximately $508,844.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $2.07, for a total value of $75,037.50. Following the completion of the sale, the chief accounting officer now owns 99,428 shares of the company's stock, valued at approximately $205,815.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,838,420 shares of company stock valued at $15,635,973. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. purchased a new position in shares of BigBear.ai in the 1st quarter valued at approximately $2,953,000. Goldman Sachs Group Inc. purchased a new position in shares of BigBear.ai in the 1st quarter valued at approximately $142,000. Credit Suisse AG purchased a new position in shares of BigBear.ai in the 2nd quarter valued at approximately $55,000. UBS Group AG lifted its stake in shares of BigBear.ai by 344.9% in the 3rd quarter. UBS Group AG now owns 58,364 shares of the company's stock valued at $92,000 after purchasing an additional 45,247 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of BigBear.ai in the 1st quarter valued at approximately $5,390,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.