BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.96, but opened at $3.72. BigBear.ai shares last traded at $3.58, with a volume of 8,609,210 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. HC Wainwright raised their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.
View Our Latest Stock Report on BigBear.ai
BigBear.ai Price Performance
The business has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $1.95. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $829.44 million, a price-to-earnings ratio of -3.64 and a beta of 3.21.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
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 that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,032 shares of company stock valued at $2,184,876. Corporate insiders own 1.40% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the third quarter valued at about $36,000. XTX Topco Ltd bought a new stake in shares of BigBear.ai in the second quarter valued at approximately $58,000. Intech Investment Management LLC bought a new position in BigBear.ai during the third quarter worth $61,000. The Manufacturers Life Insurance Company raised its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in BigBear.ai in the 3rd quarter valued at $131,000. Institutional investors and hedge funds own 7.55% of the company's stock.
About BigBear.ai
(
Get Free Report)
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.
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