BigBear.ai Holdings, Inc. (NYSE:BBAI) Short Interest Up 101.2% in January

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

Analysts Set New Price Targets

Several analysts have commented on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright lifted their target price 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.

BigBear.ai Trading Down 2.3 %

Shares of NYSE BBAI traded down $0.09 during trading on Wednesday, hitting $3.62. 8,925,038 shares of the company traded hands, compared to its average volume of 33,079,656. BigBear.ai has a 1 year low of $1.16 and a 1 year high of $5.20. The company has a 50-day moving average price of $3.36 and a 200-day moving average price of $2.19. The firm has a market capitalization of $909.35 million, a P/E ratio of -3.97 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.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period in the previous year, the company earned $0.03 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities analysts predict that BigBear.ai will post -0.28 EPS for the current year.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in BBAI. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai during the 3rd quarter worth $36,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai in the 4th quarter worth $44,000. Bay Rivers Group acquired a new position in BigBear.ai in the 4th quarter worth $48,000. XTX Topco Ltd acquired a new position in BigBear.ai in the 2nd quarter worth $58,000. Finally, Intech Investment Management LLC acquired a new position in BigBear.ai in the 3rd quarter worth $61,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.