BigBear.ai (NYSE:BBAI) Trading 2.2% Higher

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 2.2% during mid-day trading on Wednesday . The company traded as high as $1.92 and last traded at $1.90. 1,739,851 shares traded hands during trading, a decline of 85% from the average session volume of 11,712,090 shares. The stock had previously closed at $1.86.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Up 3.8 %

The business has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $1.88. The company has a market cap of $468.27 million, a PE ratio of -4.56 and a beta of 3.68.

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

Insider Buying and Selling at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 101,751 shares of BigBear.ai stock in a transaction on Monday, March 11th. The stock was sold at an average price of $2.44, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Raluca Dinu sold 100,000 shares of BigBear.ai stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.58, for a total transaction of $258,000.00. Following the transaction, the director now owns 523,374 shares in the company, valued at approximately $1,350,304.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 101,751 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $2.44, for a total value of $248,272.44. Following the sale, the chief accounting officer now directly owns 161,830 shares of the company’s stock, valued at $394,865.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,838,420 shares of company stock worth $15,635,973. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. purchased a new position in shares of BigBear.ai in the 1st quarter valued at about $2,953,000. Goldman Sachs Group Inc. purchased a new position in shares of BigBear.ai in the 1st quarter valued at about $142,000. Credit Suisse AG purchased a new position in shares of BigBear.ai in the 2nd quarter valued at about $55,000. UBS Group AG lifted its stake in BigBear.ai by 344.9% during the third quarter. UBS Group AG now owns 58,364 shares of the company’s stock worth $92,000 after purchasing an additional 45,247 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in BigBear.ai during the first quarter worth approximately $5,390,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.