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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price target 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 Stock Performance

The firm's 50-day moving average price is $4.50 and its two-hundred day moving average price is $2.66. 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 stock has a market cap of $2.27 billion, a price-to-earnings ratio of -9.91 and a beta of 3.17.

Insider Activity

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. acquired a new position in BigBear.ai in the fourth quarter valued at about $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth about $44,000. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai during the fourth quarter worth about $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai during the fourth quarter worth about $48,000. Finally, Jones Financial Companies Lllp lifted its position in shares of BigBear.ai by 4,202.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after purchasing an additional 12,607 shares in the last quarter. Institutional investors and hedge funds 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.