BigBear.ai (NYSE:BBAI) Stock Price Up 16% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price rose 16% during trading on Monday . The company traded as high as $6.28 and last traded at $6.2650. Approximately 99,089,159 shares traded hands during trading, an increase of 4% from the average daily volume of 95,426,289 shares. The stock had previously closed at $5.40.

Analyst Ratings Changes

BBAI has been the topic of several research reports. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BigBear.ai presently has a consensus rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Price Performance

The stock has a market capitalization of $2.73 billion, a P/E ratio of -4.41 and a beta of 3.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50-day simple moving average is $6.76 and its 200-day simple moving average is $5.88.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $33.14 million during the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The business’s revenue was down 20.1% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,980 shares of company stock worth $197,853 over the last three months. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after acquiring an additional 6,790,890 shares during the period. Jump Financial LLC bought a new stake in BigBear.ai in the 2nd quarter valued at $37,407,000. Two Sigma Investments LP boosted its stake in BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after purchasing an additional 3,056,597 shares during the period. Geode Capital Management LLC grew its holdings in BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after buying an additional 2,820,698 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in BigBear.ai by 3,252.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after buying an additional 2,326,883 shares during the period. 7.55% of the stock is owned by 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.