BigBear.ai (NYSE:BBAI) Trading 6.1% Higher – Here’s What Happened
by Doug Wharley · The Cerbat GemBigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) traded up 6.1% during mid-day trading on Wednesday . The company traded as high as $4.14 and last traded at $4.0750. 37,422,879 shares traded hands during trading, a decline of 23% from the average session volume of 48,371,410 shares. The stock had previously closed at $3.84.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Cantor Fitzgerald decreased their target price on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, HC Wainwright decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.50.
Get Our Latest Stock Report on BBAI
BigBear.ai Trading Up 0.6%
The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08. The company’s fifty day moving average is $3.79 and its 200-day moving average is $4.89. The stock has a market cap of $2.02 billion, a PE ratio of -4.84 and a beta of 3.25.
BigBear.ai (NYSE:BBAI – Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The firm had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. During the same quarter last year, the company posted ($0.43) earnings per share. The firm’s revenue was down 37.7% compared to the same quarter last year. On average, analysts predict that BigBear.ai Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.
Insider Buying and Selling at BigBear.ai
In related news, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $4.00, for a total transaction of $320,000.00. Following the sale, the director owned 508,687 shares in the company, valued at approximately $2,034,748. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.11, for a total transaction of $61,650.00. Following the sale, the director owned 204,150 shares in the company, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by company insiders.
Institutional Trading of BigBear.ai
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. grew its position in BigBear.ai by 26.4% during the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after buying an additional 5,579 shares during the period. AQR Capital Management LLC purchased a new position in shares of BigBear.ai in the first quarter worth about $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BigBear.ai by 54.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after buying an additional 160,096 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of BigBear.ai by 441.1% in the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock worth $213,000 after buying an additional 60,583 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after purchasing an additional 1,990,822 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.
BigBear.ai Company Profile
BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.
The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.