BigBear.ai (NYSE:BBAI) Reaches New 12-Month High - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $8.74, with a volume of 186988521 shares. The stock had previously closed at $8.59.

Analyst Upgrades and Downgrades

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

BigBear.ai Price Performance

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 fifty day moving average price of $4.50 and a 200 day moving average price of $2.67.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. The Manufacturers Life Insurance Company raised its holdings in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after acquiring an additional 23,597 shares in the last quarter. Intech Investment Management LLC purchased a new position in BigBear.ai during the 3rd quarter valued at about $61,000. State Street Corp raised its holdings in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares in the last quarter. XTX Topco Ltd lifted its position in shares of BigBear.ai by 57.9% in the 3rd 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. Finally, Barclays PLC boosted its stake in shares of 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 in the last quarter. 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.