BigBear.ai (NYSE:BBAI) Shares Up 0.8% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 0.8% during trading on Wednesday . The company traded as high as $3.05 and last traded at $3.00. Approximately 8,158,589 shares traded hands during trading, a decline of 62% from the average session volume of 21,491,935 shares. The stock had previously closed at $2.97.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Up 0.5 %

The business has a 50-day simple moving average of $5.14 and a two-hundred day simple moving average of $3.24. The company has a market capitalization of $850.32 million, a price-to-earnings ratio of -3.29 and a beta of 3.12. 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 other news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred 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 sale, 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 sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently made changes to their positions in BBAI. Invesco Ltd. raised its holdings in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after acquiring an additional 2,332 shares during the last quarter. Deutsche Bank AG increased its position in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after purchasing an additional 2,427 shares in the last quarter. Wells Fargo & Company MN raised its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after purchasing an additional 3,797 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after purchasing an additional 5,591 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.