BigBear.ai (NYSE:BBAI) Trading Up 0.2% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was up 0.2% during trading on Wednesday . The stock traded as high as $3.47 and last traded at $3.19. Approximately 20,946,563 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 21,271,373 shares. The stock had previously closed at $3.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have 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 report on Friday, March 7th. Cantor Fitzgerald cut their price target 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. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, HC Wainwright reduced their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

BigBear.ai Trading Up 5.5 %

The stock’s fifty day moving average price is $5.23 and its 200 day moving average price is $3.18. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market cap of $955.72 million, a P/E ratio of -3.67 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of 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 acquiring an additional 267,673 shares during the last quarter. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of BigBear.ai in the 4th quarter worth approximately $325,000. Barclays PLC lifted its position in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new position in BigBear.ai in the 4th quarter valued at $1,028,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.