BigBear.ai (NYSE:BBAI) Reaches New 52-Week High After Analyst Upgrade

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) reached a new 52-week high on Tuesday 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. BigBear.ai traded as high as $5.08 and last traded at $4.81, with a volume of 75632242 shares trading hands. The stock had previously closed at $4.21.

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

Insider Activity

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following 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 represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 782,892 shares of company stock worth $1,887,246. 1.40% of the stock is currently owned by insiders.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently modified their holdings of BBAI. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai during the 3rd quarter worth $36,000. XTX Topco Ltd bought a new stake in BigBear.ai during the second quarter valued at about $58,000. The Manufacturers Life Insurance Company grew its position in shares of 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. Intech Investment Management LLC bought a new position in shares of BigBear.ai in the third quarter worth about $61,000. Finally, Koshinski Asset Management Inc. bought a new stake in BigBear.ai during the 3rd quarter valued at approximately $131,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $1.86. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -4.89 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the business earned $0.03 earnings per share. BigBear.ai’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research 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.