BigBear.ai (NYSE:BBAI) Shares Up 1.3% - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 1.3% during mid-day trading on Friday . The company traded as high as $4.40 and last traded at $4.21. Approximately 16,547,621 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 34,569,797 shares. The stock had previously closed at $4.15.

Wall Street Analyst Weigh In

BBAI has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright upped 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.

BigBear.ai Stock Down 5.3 %

The company has a 50-day moving average of $3.04 and a 200 day moving average of $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.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping 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 firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company's quarterly revenue was up 22.1% on a year-over-year basis. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in BigBear.ai by 28.6% in 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 period. State Street Corp raised its holdings in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Bank of Montreal Can lifted its position in shares of BigBear.ai by 6,435.7% in 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. Bank of New York Mellon Corp boosted its stake in shares of BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after purchasing an additional 189,593 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its holdings in BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after buying an additional 174,815 shares during the period. Institutional investors 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.