BigBear.ai (NYSE:BBAI) Trading 1.3% Higher - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) rose 1.3% during trading on Friday . The company traded as high as $4.40 and last traded at $4.21. Approximately 16,547,621 shares were traded during 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 topic of a number of recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright boosted their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Stock Down 5.3 %

The firm's 50-day simple moving average is $3.00 and its 200-day simple moving average is $2.04. The company has a market capitalization of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio 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) EPS for the quarter, beating 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%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. Sell-side analysts forecast 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 the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, 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 transaction was disclosed in a filing 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 large investors have recently made changes to their positions in BBAI. Simon Quick Advisors LLC bought a new position in BigBear.ai in the 4th quarter valued at $44,000. XTX Topco Ltd increased its holdings in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 in the last quarter. Sovereign Financial Group Inc. bought a new stake in BigBear.ai in the 3rd quarter valued at $36,000. Finally, Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the third quarter valued at about $61,000. 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.