BigBear.ai (NYSE:BBAI) Shares Up 3.5% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 3.5% on Tuesday . The company traded as high as $5.00 and last traded at $4.9450. 71,140,042 shares were traded during mid-day trading, a decline of 13% from the average session volume of 81,914,031 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

BBAI has been the subject of a number of recent analyst reports. Wall Street Zen cut BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. HC Wainwright reissued a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald lowered shares of BigBear.ai from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $6.00 in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.00.

BigBear.ai Price Performance

The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.16 billion, a PE ratio of -3.48 and a beta of 3.46. The company has a 50-day moving average of $6.02 and a 200 day moving average of $6.29.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $31.82 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down 20.1% on a year-over-year basis. Sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the sale, the chief financial officer directly owned 488,716 shares in the company, valued at $3,450,334.96. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the sale, the director directly owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently added to or reduced their stakes in BBAI. Wedbush Securities Inc. acquired a new stake in BigBear.ai during the second quarter worth $1,669,000. Swiss National Bank grew its holdings in shares of BigBear.ai by 51.1% during the 2nd quarter. Swiss National Bank now owns 552,100 shares of the company’s stock worth $3,749,000 after purchasing an additional 186,600 shares during the period. XTX Topco Ltd increased its position in shares of BigBear.ai by 980.7% during the 2nd quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock worth $2,505,000 after purchasing an additional 334,799 shares during the last quarter. PFG Investments LLC purchased a new stake in BigBear.ai in the 3rd quarter valued at about $1,593,000. Finally, Kingswood Wealth Advisors LLC lifted its position in BigBear.ai by 48.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company’s stock valued at $850,000 after buying an additional 40,893 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.