BigBear.ai (NYSE:BBAI) Trading Up 2.8% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 2.8% on Thursday . The company traded as high as $4.27 and last traded at $4.1950. 51,359,801 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 48,404,262 shares. The stock had previously closed at $4.08.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BBAI. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. HC Wainwright cut their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Cantor Fitzgerald cut 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. Finally, Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Up 2.8%

The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $3.79 and a two-hundred day moving average of $4.91. The company has a market capitalization of $2.01 billion, a PE ratio of -4.82 and a beta of 3.25.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $27.30 million for the quarter, compared to analysts’ expectations of $33.31 million. During the same period last year, the business earned ($0.43) earnings per share. The business’s quarterly revenue was down 37.7% on a year-over-year basis. As a group, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, Director Dorothy D. Hayes sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the sale, the director directly owned 204,150 shares of the company’s stock, valued at $839,056.50. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela Joyce Braden sold 80,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the sale, the director directly owned 508,687 shares of the company’s stock, valued at $2,034,748. This represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Amundi bought a new position in BigBear.ai during the 1st quarter worth approximately $74,000. California State Teachers Retirement System grew its position in BigBear.ai by 30.4% during the 1st quarter. California State Teachers Retirement System now owns 541,731 shares of the company’s stock worth $1,907,000 after acquiring an additional 126,303 shares during the last quarter. Empowered Funds LLC bought a new position in BigBear.ai during the 1st quarter worth approximately $53,000. Quantinno Capital Management LP boosted its stake in shares of BigBear.ai by 108.0% during the first quarter. Quantinno Capital Management LP now owns 34,010 shares of the company’s stock valued at $120,000 after purchasing an additional 17,660 shares during the period. Finally, Themes Management Co LLC boosted its stake in shares of BigBear.ai by 62.0% during the first quarter. Themes Management Co LLC now owns 340,097 shares of the company’s stock valued at $1,197,000 after purchasing an additional 130,193 shares during the period. Hedge funds and other institutional investors 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.