BigBear.ai Holdings, Inc. (NYSE:BBAI) Experiences Significant Short Interest Decline

BigBear.ai Holdings, Inc. (NYSE:BBAI) has observed a notable reduction in short interest during the month of November. By the end of the month on November 30th, the company's short interest stood at 17,520,000 shares, reflecting a decrease of 13.2% compared to the 20,190,000 shares reported on November 15th. This means that about 13.3% of the company's shares are currently sold short. With an average daily trading volume of 11,470,000 shares, the ratio of days-to-cover is approximately 1.5 days.

Analysts Update Price Targets

Recently, several analysts have shared their insights regarding BBAI shares. HC Wainwright has maintained a "buy" rating and set a target price of $3.00 for BigBear.ai stock as of November 6th. Additionally, Cantor Fitzgerald has also reaffirmed an "overweight" rating with a target price of $3.50 for the shares on the same date.

Insider Transactions

In insider trading news, Director Bbai Ultimate Holdings, LLC sold 572,817 shares of BigBear.ai on October 15th for an average price of $1.78, amounting to a total of $1,019,614.26. After the sale, the director's total ownership decreased by 0.40%, leaving them with 143,713,297 shares valued at approximately $255,809,668.66. Currently, company insiders hold about 1.40% of the stock.

Institutional Investment Activity

Institutional investors have also been active in modifying their positions in BigBear.ai. For instance, Fortis Group Advisors LLC increased its stake by 26.9% in the second quarter, now owning 66,735 shares valued at $101,000 after purchasing an additional 14,134 shares. Price T Rowe Associates Inc. MD made a new investment of around $31,000 in the first quarter. XTX Topco Ltd increased its stake by 57.9% in the third quarter, now holding 61,011 shares worth $89,000 after acquiring 22,363 shares in that timeframe. Further, The Manufacturers Life Insurance Company raised its holdings by 135.0%, owning 41,073 shares valued at $62,000 after adding 23,597 shares. Sovereign Financial Group Inc. also bought a new stake in the third quarter for approximately $36,000. Overall, institutional investors own about 7.55% of BigBear.ai stock.

BigBear.ai Stock Performance

As of Tuesday, BigBear.ai stock opened at $2.99. The company’s debt-to-equity ratio is 2.08, while both its quick and current ratios stand at 2.06. The stock has shown a 50-day moving average price of $2.05 and a 200-day moving average price of $1.66, with a fifty-two week range showing a low of $1.16 and a high of $4.80. The market capitalization of BigBear.ai is $748.00 million, and it has a PE ratio of -3.28, indicating a strong beta of 3.58.

Earnings Report Overview

BigBear.ai published its latest earnings report on November 5th. The company reported earnings of ($0.05) per share for the quarter, which surpassed the consensus estimate of ($0.07) by $0.02. During the same quarter, BigBear.ai reported revenues of $41.51 million, although this fell short of the forecasted $45.04 million. The company has noted a negative return on equity of 138.35% and a negative net margin of 109.90%. Year-over-year, revenues have increased by 22.1%. In the previous year’s quarter, BigBear.ai reported earnings of $0.03 per share. Analysts predict that the company will record earnings of -$0.28 per share for the current year.

About BigBear.ai

BigBear.ai Holdings, Inc. specializes in providing artificial intelligence-driven decision intelligence solutions. Their services encompass areas such as national security, supply chain management, and digital identity and biometrics. The company also offers a range of services regarding data ingestion, enrichment, processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization.

BigBear.ai, stocks, shortinterest