BigBear.ai (NYSE:BBAI) Trading Up 12.6% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 12.6% on Monday . The company traded as high as $3.22 and last traded at $3.35. Approximately 13,261,327 shares were traded during trading, a decline of 39% from the average daily volume of 21,688,463 shares. The stock had previously closed at $2.97.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their price objective 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. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the company from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright cut their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

BigBear.ai Stock Down 0.8 %

The company has a 50-day moving average of $5.14 and a 200-day moving average of $3.31. 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 company has a market capitalization of $999.88 million, a price-to-earnings ratio of -3.86 and a beta of 3.12.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated 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 of the company’s stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $44,000. Captrust Financial Advisors purchased a new stake in shares of BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai in the fourth quarter worth $47,000. Finally, Bay Rivers Group purchased a new position in shares of BigBear.ai during the fourth quarter worth $48,000. 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.