BigBear.ai (NYSE:BBAI) Trading Up 1.4% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded up 1.4% during trading on Friday . The stock traded as high as $2.60 and last traded at $2.53. 29,192,450 shares were traded during trading, an increase of 19% from the average session volume of 24,520,740 shares. The stock had previously closed at $2.49.

Analysts Set New Price Targets

BBAI has been the subject of several recent analyst reports. HC Wainwright decreased their price target 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. Cantor Fitzgerald reduced their price objective on shares of 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 lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Trading Up 1.4 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company’s 50 day moving average is $4.38 and its 200 day moving average is $3.44. The stock has a market capitalization of $729.74 million, a price-to-earnings ratio of -2.77 and a beta of 3.34.

Insider Activity

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of BBAI. Invesco Ltd. raised its position in BigBear.ai by 8.3% in 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after buying an additional 2,332 shares in the last quarter. Deutsche Bank AG lifted its position in shares of 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 buying an additional 2,427 shares during the period. Wells Fargo & Company MN boosted 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 buying an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after acquiring an additional 5,591 shares in the last quarter. 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.