BigBear.ai to Report Quarterly Earnings This Thursday

BigBear.ai (NYSE:BBAI), a decision support company specializing in artificial intelligence and machine learning, is poised to announce its quarterly earnings results post-market on Thursday, March 7th. Market analysts anticipate the company to report a loss of $0.07 per share for the quarter. Ahead of the earnings release, BigBear.ai has seen its shares climb significantly.

Recent Stock Performance

The company's stock recently experienced a significant surge, trading up by 25.1%. On Tuesday, shares of BigBear.ai opened at $4.33. Over the past year, the stock hit a low of $1.16 and peaked at $4.80. BigBear.ai has a market capitalization of $679.03 million, with a PE ratio standing at -8.49 and a beta of 3.85. Its stock price averages have been $2.10 over 50 days and $1.76 over 200 days.

Insider Trading Activity

In a recent transaction dated December 15th, Raluca Dinu, a director of the company, sold 13,029 shares at an average price of $1.92, totaling $25,015.68. Post transaction, Dinu directly owns 773,374 company shares valued at approximately $1,484,878.08. Furthermore, another director, Avi S. Katz, offloaded 50,000 shares at an average price of $1.81 on December 13th, with a post-sale direct ownership of 786,403 shares, valued at around $1,423,389.43. These transactions are detailed in filings accessible through the SEC website, and insiders presently hold about 2.00% of BigBear.ai's stock.

Institutional Investors' Movements

Several hedge funds and institutional investors have recently adjusted their positions in BigBear.ai. Barclays PLC notably increased its stake by 734.9% in the 4th quarter, now owning 40,073 shares valued at $86,000. Nuveen Asset Management LLC bumped up its share count by 3.3%, holding 198,138 shares worth $424,000. Steward Partners Investment Advisory LLC and Charles Schwab Investment Management Inc. both boosted their holdings, and Vanguard Group Inc. significantly increased its stake by 129.3% in the third quarter. Currently, institutions own 1.47% of BigBear.ai's stock.

Analyst Perspectives

Cantor Fitzgerald maintained an 'overweight' rating and a target price of $3.00 on BigBear.ai shares, while William Blair continued with a 'market perform' rating, indicating a mixed outlook from research analysts.

About BigBear.ai

BigBear.ai Holdings, Inc is involved in providing technology-driven solutions for decision support. Its services encompass cloud engineering, cybersecurity, systems engineering, and strategic consultation via its Cyber & Engineering and Analytics business segments.

Earnings, AI, Trading