BigBear.ai (NYSE:BBAI) Trading 7.9% Higher – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 7.9% during trading on Friday . The stock traded as high as $5.85 and last traded at $5.8250. 55,219,358 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 97,381,880 shares. The stock had previously closed at $5.40.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Stock Up 7.9%

The stock has a market cap of $2.54 billion, a P/E ratio of -4.10 and a beta of 3.46. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $6.13 and its 200 day moving average is $6.35.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm’s revenue was down 20.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the firm’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 value of $133,760.00. Following the sale, the director owned 236,150 shares of the company’s stock, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sean Raymond Ricker sold 5,000 shares of the 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 completion of the sale, the chief financial officer directly owned 488,716 shares of the company’s stock, valued at $3,450,334.96. This represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in BigBear.ai by 32.6% in the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after purchasing an additional 6,790,890 shares in the last quarter. Jump Financial LLC acquired a new position in shares of BigBear.ai in the 2nd quarter worth approximately $37,407,000. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock worth $34,456,000 after buying an additional 2,820,698 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of BigBear.ai by 165.5% during the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after buying an additional 3,056,597 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BigBear.ai by 40.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873,864 shares of the company’s stock valued at $18,738,000 after buying an additional 832,420 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.