BigBear.ai (NYSE:BBAI) Trading Up 1.1% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded up 1.1% on Monday . The stock traded as high as $9.70 and last traded at $8.68. 107,683,381 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 59,649,336 shares. The stock had previously closed at $8.59.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Price Performance

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 business has a 50-day moving average of $4.11 and a 200 day moving average of $2.50. The firm has a market capitalization of $2.47 billion, a P/E ratio of -10.78 and a beta of 3.17.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. State Street Corp boosted its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Blair William & Co. IL purchased a new stake in shares of BigBear.ai during the fourth quarter worth about $1,039,000. Sargent Investment Group LLC bought a new stake in BigBear.ai during the 4th quarter valued at approximately $1,028,000. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after buying an additional 174,815 shares in the last quarter. 7.55% of the stock is owned by 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.