BigBear.ai (NYSE:BBAI) Trading Up 18.1% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 18.1% during trading on Tuesday . The stock traded as high as $5.07 and last traded at $5.00. 35,697,069 shares traded hands during trading, an increase of 6% from the average session volume of 33,672,082 shares. The stock had previously closed at $4.23.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several research reports. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price objective on 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 Price Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -9.44 and a beta of 3.17. The company has a 50-day moving average of $3.75 and a 200-day moving average of $2.35.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (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 the consensus estimate 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 quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

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Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after purchasing an additional 2,332 shares during the period. Charles Schwab Investment Management Inc. boosted its position in BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after buying an additional 8,879 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in BigBear.ai in the 4th quarter valued at about $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the 4th quarter valued at about $44,000. Finally, Retirement Income Solutions Inc purchased a new position in BigBear.ai in the 4th quarter valued at about $47,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Company Profile

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.