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 stock traded as high as $4.14 and last traded at $4.0750. Approximately 37,422,879 shares traded hands during trading, a decline of 23% from the average daily volume of 48,371,410 shares. The stock had previously closed at $3.84.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several recent research reports. Cantor Fitzgerald reduced their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Wall Street Zen upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, HC Wainwright reduced their price target on BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Up 6.1%

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 firm has a fifty day simple moving average of $3.79 and a two-hundred day simple moving average of $4.93. The firm has a market cap of $1.95 billion, a PE ratio of -4.68 and a beta of 3.25.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data 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 return on equity of 16.02% and a negative net margin of 226.69%.The business had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. During the same quarter last year, the business posted ($0.43) EPS. The business’s revenue was down 37.7% on a year-over-year basis. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the sale, the director owned 508,687 shares in the company, valued at approximately $2,034,748. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the sale, the director owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of BBAI. Arizona State Retirement System increased its position in BigBear.ai by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 86,166 shares of the company’s stock valued at $562,000 after buying an additional 1,823 shares in the last quarter. Farther Finance Advisors LLC increased its position in BigBear.ai by 6.4% during the 4th quarter. Farther Finance Advisors LLC now owns 31,207 shares of the company’s stock valued at $169,000 after buying an additional 1,865 shares in the last quarter. Wealthspan Partners LLC increased its position in BigBear.ai by 16.0% during the 3rd quarter. Wealthspan Partners LLC now owns 16,350 shares of the company’s stock valued at $107,000 after buying an additional 2,250 shares in the last quarter. Principal Financial Group Inc. increased its position in BigBear.ai by 11.8% during the 1st quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock valued at $80,000 after buying an additional 2,391 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its position in BigBear.ai by 30.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 13,085 shares of the company’s stock valued at $85,000 after buying an additional 3,085 shares in the last quarter. Hedge funds and other institutional investors 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.