BigBear.ai (BBAI) Expected to Announce Earnings on Thursday

BigBear.ai (NYSE:BBAI) is expected to be issuing its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $54.62 million for the quarter.

BigBear.ai Stock Down 7.8 %

Shares of NYSE:BBAI opened at $4.76 on Tuesday. BigBear.ai has a 12-month low of $1.16 and a 12-month high of $10.36. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -5.23 and a beta of 3.17. The stock has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $3.08. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BBAI shares. HC Wainwright upped their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

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.