BigBear.ai (NYSE:BBAI) Shares Up 3.6% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 3.6% on Tuesday . The stock traded as high as $2.93 and last traded at $2.96. 9,392,459 shares were traded during 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 Analysts Forecast Growth

Several research firms have commented on BBAI. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. 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. Cantor Fitzgerald decreased their price target 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 dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Price Performance

The company’s fifty day moving average is $5.02 and its 200 day moving average is $3.36. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market cap of $904.59 million, a PE ratio of -3.44 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 104,372 shares of company stock valued at $435,627 over the last three months. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in BigBear.ai during the third quarter valued at approximately $61,000. State Street Corp lifted its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the last quarter. XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the period. Barclays PLC increased its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the last quarter. Finally, 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. Institutional investors and hedge funds 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.