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

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on BBAI. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. HC Wainwright dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald cut their target price on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BigBear.ai presently has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Price Performance

The stock has a fifty day moving average of $3.89 and a 200 day moving average of $4.83. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -5.85 and a beta of 3.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08.

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

Insider Transactions at BigBear.ai

In related news, Director Pamela Joyce Braden sold 80,000 shares of the business’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 completion of the transaction, the director directly owned 508,687 shares in the company, valued at $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean Raymond Ricker sold 10,000 shares of the company’s 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 completion of the sale, the chief financial officer directly owned 609,256 shares in the company, valued at approximately $2,638,078.48. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 105,000 shares of company stock worth $424,950 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp purchased a new position in BigBear.ai during the fourth quarter valued at approximately $46,675,000. Vanguard Group Inc. increased its holdings in shares of BigBear.ai by 32.6% during the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after purchasing an additional 6,790,890 shares in the last quarter. UBS Group AG lifted its stake in shares of BigBear.ai by 145.7% in the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after purchasing an additional 6,158,665 shares during the period. Two Sigma Investments LP boosted its holdings in BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after buying an additional 3,056,597 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in BigBear.ai by 35.9% during the fourth quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after buying an additional 2,706,195 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

About BigBear.ai

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.