BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 9.1% during mid-day trading on Thursday . The stock traded as high as $4.27 and last traded at $3.97. Approximately 23,638,899 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 32,784,293 shares. The stock had previously closed at $3.64.
Analyst Upgrades and Downgrades
BBAI has been the subject of a number of recent analyst reports. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.
View Our Latest Report on BBAI
BigBear.ai Stock Performance
The business has a fifty day moving average of $3.46 and a two-hundred day moving average of $2.23. 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) earnings per share 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 business had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. During the same quarter last year, the business posted $0.03 earnings per share. The business's revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
Insider Buying and Selling at BigBear.ai
In other 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 sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 over the last quarter. Corporate insiders own 1.40% of the company's stock.
Institutional Investors Weigh In On BigBear.ai
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position 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 during the last quarter. State Street Corp lifted its stake in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. Bank of Montreal Can lifted its stake in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth $1,028,000. Finally, Sovereign Financial Group Inc. grew its position in shares of BigBear.ai by 699.3% in 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 period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
About BigBear.ai
(
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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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