BigBear.ai (NYSE:BBAI) Reaches New 52-Week High – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $8.74, with a volume of 186988521 shares traded. The stock had previously closed at $8.59.

Wall Street Analyst Weigh In

BBAI has been the topic of a number of recent research reports. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Up 1.7 %

The stock has a market capitalization of $2.20 billion, a P/E ratio of -9.60 and a beta of 3.17. The firm’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $2.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Buying and Selling

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after buying an additional 479,401 shares during the last quarter. State Street Corp raised its stake in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock valued at $1,329,000 after purchasing an additional 8,879 shares during the last quarter. Sargent Investment Group LLC bought a new position in BigBear.ai during the fourth quarter worth $1,028,000. Finally, Sovereign Financial Group Inc. increased its holdings in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after purchasing an additional 174,815 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.