BigBear.ai (NYSE:BBAI) Stock Price Up 6.1% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares rose 6.1% during mid-day trading on Wednesday . The company traded as high as $4.14 and last traded at $4.0750. Approximately 37,422,879 shares were traded during trading, a decline of 23% from the average daily volume of 48,371,410 shares. The stock had previously closed at $3.84.

Analyst Ratings Changes

BBAI has been the topic of a number of recent research reports. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Cantor Fitzgerald decreased their target price on 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 decreased their target price on 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 restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Price Performance

The firm has a market capitalization of $1.95 billion, a P/E ratio of -4.68 and a beta of 3.25. 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 business has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $4.93.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.02% and a negative net margin of 226.69%.The company’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.43) EPS. On average, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the transaction, the director directly owned 204,150 shares in the company, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela Joyce Braden sold 80,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the transaction, the director owned 508,687 shares in the company, valued at $2,034,748. This trade 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.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of BigBear.ai by 18.4% during the 4th quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock valued at $176,555,000 after purchasing an additional 5,090,508 shares during the last quarter. UBS Group AG increased its position in shares of BigBear.ai by 145.7% during 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 last quarter. State Street Corp increased its position in shares of BigBear.ai by 33.6% during the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after purchasing an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 35.9% during the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after purchasing an additional 2,706,195 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of BigBear.ai during the 4th quarter valued at about $46,675,000. 7.55% of the stock is currently owned by institutional investors.

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.