BigBear.ai (NYSE:BBAI) Sets New 1-Year High - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $5.84 and last traded at $5.73, with a volume of 19647963 shares. The stock had previously closed at $4.91.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Performance

The company has a market capitalization of $2.16 billion, a PE ratio of -9.44 and a beta of 3.17. 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 stock's fifty day simple moving average is $3.87 and its 200-day simple moving average is $2.40.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period in the prior year, the firm posted $0.03 EPS. The company's revenue was up 22.1% on a year-over-year basis. As a group, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

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Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanda Long sold 200,000 shares of the business's 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 owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last 90 days. Company insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake 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 valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. State Street Corp increased its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after purchasing an additional 8,879 shares during the last quarter. Sargent Investment Group LLC bought a new stake in BigBear.ai during the fourth quarter valued at $1,028,000. Finally, Sovereign Financial Group Inc. increased its stake in BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after purchasing an additional 174,815 shares during the last quarter. 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.