BigBear.ai (NYSE:BBAI) Trading Up 9.1% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 9.1% during trading on Thursday . The company traded as high as $4.27 and last traded at $3.97. 23,638,899 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 32,784,293 shares. The stock had previously closed at $3.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BBAI shares. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. 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.

BigBear.ai Stock Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $1.04 billion, a P/E ratio of -4.54 and a beta of 3.21. The company’s 50 day moving average is $3.39 and its 200-day moving average is $2.20.

BigBear.ai (NYSE:BBAI) last issued its 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in BigBear.ai by 41.6% in the 4th quarter. Rhumbline Advisers now owns 111,825 shares of the company’s stock valued at $498,000 after buying an additional 32,829 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in BigBear.ai during the fourth quarter worth $238,000. Apollon Wealth Management LLC bought a new stake in BigBear.ai during the fourth quarter worth $65,000. Choreo LLC purchased a new position in BigBear.ai in the fourth quarter worth $67,000. Finally, Sargent Investment Group LLC bought a new position in BigBear.ai in the 4th quarter valued at $1,028,000. 7.55% of the stock is 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.