Short Interest in BigBear.ai Holdings, Inc. (NYSE:BBAI) Decreases By 13.2%

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 17,520,000 shares, a drop of 13.2% from the November 15th total of 20,190,000 shares. Approximately 13.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,470,000 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Ratings Changes

Several equities research analysts have recently commented on BBAI shares. HC Wainwright reissued a "buy" rating and issued a $3.00 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Vanguard Group Inc. raised its holdings in BigBear.ai by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company's stock worth $4,228,000 after acquiring an additional 168,076 shares in the last quarter. State Street Corp raised its holdings in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Bank of Montreal Can raised its holdings in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after acquiring an additional 643,570 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock worth $465,000 after acquiring an additional 189,593 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Trading Down 5.3 %

NYSE:BBAI traded down $0.14 on Friday, reaching $2.52. The company's stock had a trading volume of 31,402,124 shares, compared to its average volume of 8,827,920. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $4.80. 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 firm has a market cap of $631.48 million, a PE ratio of -2.77 and a beta of 3.58. The business's 50-day moving average price is $2.02 and its two-hundred day moving average price is $1.65.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company's revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that BigBear.ai will post -0.28 earnings per share 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.