BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 10,384,964 shares traded hands during trading, a decline of 67% from the previous session's volume of 31,338,531 shares.The stock last traded at $3.64 and had previously closed at $3.39.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BBAI shares. Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright increased their price target on 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 Down 5.3 %

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 company has a market cap of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21. The business has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly 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. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. BigBear.ai's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions 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 stock was 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 owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Bank of New York Mellon Corp lifted its stake in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after buying an additional 189,593 shares during the last quarter. Rhumbline Advisers lifted its stake in 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 buying an additional 68,663 shares during the last quarter. XTX Topco Ltd purchased a new stake in BigBear.ai in the second quarter valued at approximately $58,000. Bank of Montreal Can lifted its stake in BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock valued at $1,006,000 after buying an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in BigBear.ai by 135.0% in the second 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. Hedge funds and other 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.