BigBear.ai (NYSE:BBAI) Stock Price Up 5.8% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 5.8% on Monday . The company traded as high as $5.46 and last traded at $5.3310. Approximately 82,858,898 shares were traded during trading, an increase of 66% from the average daily volume of 49,779,664 shares. The stock had previously closed at $5.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BBAI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. HC Wainwright lowered their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BigBear.ai has an average rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Trading Up 5.8%

The firm’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $4.83. The stock has a market cap of $2.55 billion, a P/E ratio of -6.13 and a beta of 3.27. The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $27.30 million during the quarter, compared to analyst estimates of $33.31 million. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) EPS. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.2 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pamela Joyce Braden sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the sale, the director directly owned 508,687 shares of the company’s stock, 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. In the last three months, insiders sold 105,000 shares of company stock valued at $424,950. Company insiders own 0.57% of the company’s stock.

Institutional Trading of BigBear.ai

A number of institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its stake 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 valued at $32,000 after purchasing an additional 4,832 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of BigBear.ai by 617.5% during the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after acquiring an additional 4,631 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares during the period. HM Payson & Co. raised its holdings in shares of BigBear.ai by 616.9% during the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after acquiring an additional 6,169 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of BigBear.ai by 2,242.9% during the third quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company’s stock valued at $53,000 after acquiring an additional 7,850 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

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.