BigBear.ai Holdings, Inc. (NYSE:BBAI) Sees Significant Increase in Short Interest

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 33,880,000 shares, a growth of 101.2% from the December 15th total of 16,840,000 shares. Approximately 18.9% of the shares of the company are short sold. Based on an average daily trading volume, of 27,800,000 shares, the short-interest ratio is presently 1.2 days.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently modified their holdings of BBAI. Grove Bank & Trust grew its stake in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock valued at $454,000 after buying an additional 100,900 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after acquiring an additional 174,815 shares during the period. Barclays PLC increased its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. Finally, XTX Topco Ltd increased its position in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the period. 7.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBAI. HC Wainwright raised their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

BBAI traded up $0.74 on Thursday, hitting $4.13. The company’s stock had a trading volume of 58,198,371 shares, compared to its average volume of 36,624,660. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $5.20. The firm has a market cap of $1.03 billion, a P/E ratio of -4.54 and a beta of 3.21. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company’s 50 day simple moving average is $2.95 and its 200-day simple moving average is $2.02.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. Analysts forecast that BigBear.ai will post -0.28 EPS for the current year.

About BigBear.ai

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.