BigBear.ai (NYSE:BBAI) Trading Up 0.9%

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 0.9% during trading on Thursday . The stock traded as high as $2.20 and last traded at $2.17. Approximately 2,367,477 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 11,951,948 shares. The stock had previously closed at $2.15.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $3.00 target price on shares of BigBear.ai in a report on Monday, March 4th.

BigBear.ai Trading Down 4.7 %

The firm’s 50-day moving average is $2.27 and its 200 day moving average is $1.87. The firm has a market capitalization of $497.39 million, a price-to-earnings ratio of -5.07 and a beta of 3.86.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $40.56 million for the quarter, compared to analysts’ expectations of $42.75 million. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) EPS. Analysts predict that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current year.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $2.69, for a total value of $14,949,252.67. Following the transaction, the director now directly owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Sean Raymond Ricker sold 101,751 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $2.44, for a total value of $248,272.44. Following the transaction, the chief accounting officer now owns 161,830 shares in the company, valued at approximately $394,865.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the transaction, the director now directly owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The disclosure for this sale can be found here. Insiders have sold 5,802,170 shares of company stock worth $15,560,936 in the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in BigBear.ai during the 1st quarter valued at $5,390,000. BlackRock Inc. bought a new stake in BigBear.ai during the second quarter valued at about $4,858,000. Vanguard Group Inc. boosted its holdings in BigBear.ai by 129.3% in the third quarter. Vanguard Group Inc. now owns 1,901,954 shares of the company’s stock worth $2,872,000 after acquiring an additional 1,072,487 shares in the last quarter. Raymond James & Associates boosted its holdings in BigBear.ai by 130.4% in the third quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after acquiring an additional 423,893 shares in the last quarter. Finally, State Street Corp purchased a new position in shares of BigBear.ai in the second quarter worth about $1,098,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.