BigBear.ai (NYSE:BBAI) Trading Up 0.8% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 0.8% on Thursday . The stock traded as high as $3.25 and last traded at $3.22. 9,071,078 shares were traded during trading, a decline of 59% from the average session volume of 22,084,651 shares. The stock had previously closed at $3.19.

Analysts Set New Price Targets

A number of research analysts have weighed in on BBAI shares. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $2.50 to $4.00 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 note on Friday, March 7th. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Cantor Fitzgerald cut their target price on 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 Down 0.5 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm’s fifty day moving average is $5.10 and its two-hundred day moving average is $3.32. The firm has a market capitalization of $867.41 million, a PE ratio of -3.35 and a beta of 3.12.

Insider Transactions at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $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 147,119 shares of company stock worth $629,502 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBAI. Wealth Enhancement Advisory Services LLC purchased a new position in BigBear.ai in the fourth quarter valued at approximately $89,000. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the fourth quarter valued at $4,005,000. Soviero Asset Management LP purchased a new position in shares of BigBear.ai during the 4th quarter valued at $3,248,000. Two Sigma Investments LP bought a new position in shares of BigBear.ai during the 4th quarter worth $70,000. Finally, ProShare Advisors LLC grew its stake in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after acquiring an additional 9,879 shares during the period. 7.55% of the stock is owned by institutional investors.

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.