BigBear.ai (NYSE:BBAI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-strong trading volume on Tuesday . Approximately 11,779,251 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 10,133,318 shares.The stock last traded at $3.35 and had previously closed at $3.19.

Wall Street Analyst Weigh In

BBAI has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 15.0 %

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 company has a fifty day moving average price of $2.20 and a 200-day moving average price of $1.72. The firm has a market capitalization of $919.65 million, a PE ratio of -4.03 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’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 earnings per share. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in shares of BigBear.ai by 6,435.7% in 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 last quarter. The Manufacturers Life Insurance Company lifted its position in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. 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 valued at $89,000 after purchasing an additional 22,363 shares during the period. Rhumbline Advisers raised its stake in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after purchasing an additional 68,663 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.