BigBear.ai (NYSE:BBAI) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-strong trading volume on Monday after HC Wainwright raised their price target on the stock from $3.00 to $7.00. HC Wainwright currently has a buy rating on the stock. Approximately 15,043,709 shares were traded during trading, an increase of 38% from the previous session’s volume of 10,935,650 shares.The stock last traded at $4.19 and had previously closed at $4.21.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Buying and Selling

In other news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 782,892 shares of company stock worth $1,887,246 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after acquiring an additional 189,593 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the period. XTX Topco Ltd bought a new position in shares of BigBear.ai in the 2nd quarter worth $58,000. Bank of Montreal Can increased its holdings in BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Stock Up 14.3 %

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -5.29 and a beta of 3.58. The firm has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $1.80. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

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.