BigBear.ai (NYSE:BBAI) Shares Up 4.8% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 4.8% during trading on Friday . The company traded as high as $4.48 and last traded at $4.32. 13,157,766 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 32,884,762 shares. The stock had previously closed at $4.12.

Analysts Set New Price Targets

BBAI has been the topic of a number of research analyst 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 boosted their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Trading Up 5.0 %

The stock has a market cap of $1.09 billion, a P/E ratio of -4.75 and a beta of 3.21. The firm’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $2.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (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 business had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBAI. Simon Quick Advisors LLC bought a new stake in BigBear.ai in the fourth quarter valued at about $44,000. Retirement Income Solutions Inc bought a new position in BigBear.ai during the 4th quarter valued at about $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $48,000. Apollon Wealth Management LLC acquired a new position in shares of BigBear.ai in the 4th quarter worth approximately $65,000. Finally, Choreo LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $67,000. 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.