BigBear.ai (NYSE:BBAI) Trading Up 3.1% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 3.1% during mid-day trading on Thursday . The company traded as high as $6.28 and last traded at $6.1750. Approximately 59,763,860 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 70,042,500 shares. The stock had previously closed at $5.99.

Analyst Ratings Changes

A number of brokerages recently weighed in on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald cut shares of BigBear.ai from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $6.00 in a report on Wednesday. Finally, Wall Street Zen downgraded BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.00.

BigBear.ai Price Performance

The firm has a market capitalization of $2.70 billion, a P/E ratio of -4.36 and a beta of 3.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The company has a fifty day moving average of $6.05 and a 200 day moving average of $6.41.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results 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). The business had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The business’s revenue was down 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In related news, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the sale, the chief financial officer owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. This represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the 1st quarter valued at about $26,000. CWM LLC boosted its position in BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in BigBear.ai by 3,355.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock worth $32,000 after buying an additional 4,832 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of BigBear.ai by 68.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after purchasing an additional 2,527 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of BigBear.ai by 2,242.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company’s stock valued at $53,000 after buying an additional 7,850 shares during the last quarter. 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.