BigBear.ai (NYSE:BBAI) Trading Up 3.6% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded up 3.6% during mid-day trading on Tuesday . The stock traded as high as $2.93 and last traded at $2.96. 9,392,459 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 56,929,926 shares. The stock had previously closed at $2.86.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Northland Securities lowered shares of 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 report on Friday, March 7th. HC Wainwright dropped their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Performance

The company has a market capitalization of $839.85 million, a P/E ratio of -3.19 and a beta of 3.12. The business’s fifty day simple moving average is $5.07 and its 200-day simple moving average is $3.35. 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 at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the business’s 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 sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,119 shares of company stock worth $629,502 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AE Industrial Partners LP bought a new position in BigBear.ai in the 4th quarter valued at $284,721,000. TFG Asset Management GP Ltd purchased a new position in BigBear.ai in the 4th quarter worth about $4,005,000. Soviero Asset Management LP bought a new stake in BigBear.ai during the 4th quarter valued at about $3,248,000. Geode Capital Management LLC lifted its holdings in BigBear.ai by 28.6% during the 3rd 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 in the last quarter. Finally, State Street Corp boosted its position 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 buying an additional 267,673 shares during the period. 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.