BigBear.ai (NYSE:BBAI) Sets New 12-Month High - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company 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 Analysts Forecast Growth

BBAI has been the subject of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, December 30th.

BigBear.ai Stock Up 45.4 %

The firm has a market cap of $1.80 billion, a P/E ratio of -7.84 and a beta of 3.17. The firm's 50-day moving average price is $3.66 and its 200 day moving average price is $2.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company's stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently made changes to their positions in the business. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the third quarter worth approximately $36,000. Cape Investment Advisory Inc. acquired a new position in BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai during the fourth quarter valued at about $44,000. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai in the fourth quarter worth about $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 7.55% of the company's stock.

About BigBear.ai

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.