BigBear.ai (NYSE:BBAI) Trading 2.6% Higher After Analyst Upgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 2.6% on Monday after HC Wainwright raised their price target on the stock from $3.00 to $7.00. HC Wainwright currently has a buy rating on the stock. BigBear.ai traded as high as $4.48 and last traded at $4.32. Approximately 22,626,601 shares changed hands during trading, an increase of 106% from the average daily volume of 10,969,085 shares. The stock had previously closed at $4.21.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 782,892 shares of company stock valued at $1,887,246 over the last quarter. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd grew its stake in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company grew its position 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 buying an additional 23,597 shares during the last quarter. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the 3rd quarter valued at $36,000. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai in the 3rd quarter worth $61,000. Finally, Rhumbline Advisers boosted its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after acquiring an additional 68,663 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Trading Up 3.1 %

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 capitalization of $1.09 billion, a price-to-earnings ratio of -4.77 and a beta of 3.58. The business’s 50 day moving average price is $2.38 and its 200-day moving average price is $1.80.

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

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.