BigBear.ai (NYSE:BBAI) Trading Up 10.9% - What's Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 10.9% during mid-day trading on Thursday . The stock traded as high as $3.95 and last traded at $3.76. 29,205,881 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 33,596,965 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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 shares of 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 Trading Down 5.3 %

The company's 50 day simple moving average is $3.04 and its 200 day simple moving average is $2.06. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. As a group, research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently added to or reduced their stakes in BBAI. State Street Corp boosted its stake in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of BigBear.ai by 28.6% in the 3rd 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. Sovereign Financial Group Inc. boosted its position in shares of BigBear.ai by 699.3% in the 4th 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. Barclays PLC grew its stake in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Bank of Montreal Can increased its position in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after buying an additional 643,570 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.