BigBear.ai (NYSE:BBAI) Trading 3.4% Higher – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 3.4% during mid-day trading on Wednesday . The stock traded as high as $3.03 and last traded at $3.05. Approximately 12,349,655 shares changed hands during trading, a decline of 45% from the average daily volume of 22,422,972 shares. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright cut their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th.

BigBear.ai Trading Up 7.5 %

The firm has a market capitalization of $916.15 million, a PE ratio of -3.48 and a beta of 3.12. The firm has a 50 day simple moving average of $5.05 and a 200 day simple moving average of $3.36. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction 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 transaction, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,185 shares of company stock valued at $635,493 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AE Industrial Partners LP purchased a new stake in shares of BigBear.ai during the 4th quarter valued at about $284,721,000. TFG Asset Management GP Ltd purchased a new stake in BigBear.ai during the fourth quarter valued at approximately $4,005,000. Soviero Asset Management LP bought a new position in BigBear.ai in the 4th quarter worth $3,248,000. Geode Capital Management LLC raised its stake 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 worth $3,152,000 after buying an additional 479,401 shares during the period. Finally, State Street Corp lifted its holdings in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

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.