BigBear.ai (NYSE:BBAI) Shares Up 5.8% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 5.8% on Monday . The stock traded as high as $5.46 and last traded at $5.3310. 82,858,898 shares were traded during trading, an increase of 66% from the average session volume of 49,779,664 shares. The stock had previously closed at $5.04.

Analysts Set New Price Targets

Several research firms have recently commented on BBAI. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Cantor Fitzgerald reduced their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. HC Wainwright reduced their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.08 and a current ratio of 6.08. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -6.13 and a beta of 3.27. The stock’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $4.83.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $33.31 million. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The business’s quarterly revenue was down 37.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) EPS. Equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current year.

Insider Activity at BigBear.ai

In related news, CFO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total transaction of $43,300.00. Following the transaction, the chief financial officer owned 609,256 shares in the company, valued at approximately $2,638,078.48. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai 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 transaction, the director owned 204,150 shares in the company, valued at $839,056.50. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 105,000 shares of company stock worth $424,950. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. increased its position in shares of BigBear.ai by 26.4% in the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after purchasing an additional 5,579 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of BigBear.ai in the 1st quarter worth about $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after purchasing an additional 160,096 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of BigBear.ai by 441.1% in the 1st quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock worth $213,000 after purchasing an additional 60,583 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of BigBear.ai by 569.0% in the 1st 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 last quarter. 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.