BigBear.ai (NYSE:BBAI) Stock Price Up 1.5% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 1.5% during mid-day trading on Monday . The stock traded as high as $5.65 and last traded at $5.24. 23,670,002 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 64,403,520 shares. The stock had previously closed at $5.16.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BBAI. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The stock has a market cap of $1.20 billion, a P/E ratio of -5.23 and a beta of 3.17. The stock has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $3.06. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity at BigBear.ai

In other BigBear.ai news, 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 transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated 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 sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth about $44,000. Captrust Financial Advisors acquired a new position in BigBear.ai during the fourth quarter valued at approximately $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the fourth quarter valued at $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai during the 4th quarter worth about $48,000. Institutional investors 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.