BigBear.ai (NYSE:BBAI) Trading 3.9% Higher – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 3.9% during trading on Thursday . The stock traded as high as $4.38 and last traded at $4.3750. 37,085,686 shares changed hands during trading, a decline of 24% from the average session volume of 49,062,980 shares. The stock had previously closed at $4.21.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. HC Wainwright reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Cantor Fitzgerald cut their price target on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BigBear.ai has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Up 3.9%

The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -5.03 and a beta of 3.25. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $3.79 and its 200 day simple moving average is $5.01.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.43) earnings per share. On average, research analysts expect that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the transaction, the director directly owned 508,687 shares in the company, valued at approximately $2,034,748. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the business. CWM LLC increased its position in BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,265 shares during the period. Hazlett Burt & Watson Inc. increased its position 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 acquiring an additional 4,832 shares during the period. Root Financial Partners LLC increased its position in BigBear.ai by 617.5% during the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after acquiring an additional 4,631 shares during the period. PNC Financial Services Group Inc. grew its stake in BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after buying an additional 3,392 shares in the last quarter. Finally, HM Payson & Co. grew its stake in BigBear.ai by 616.9% during the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after buying an additional 6,169 shares in the last quarter. 7.55% of the stock is 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.