BigBear.ai (NYSE:BBAI) Sees Large Volume Increase - Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 30,478,005 shares traded hands during mid-day trading, an increase of 21% from the previous session's volume of 25,156,135 shares.The stock last traded at $3.20 and had previously closed at $2.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BBAI shares. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Trading Up 22.0 %

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 has a market cap of $1.03 billion, a PE ratio of -3.90 and a beta of 3.34. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.53.

Insider Transactions at BigBear.ai

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

Institutional Trading of BigBear.ai

Hedge funds have recently added to or reduced their stakes in the business. Kieckhefer Group LLC acquired a new stake in BigBear.ai during the first quarter worth about $640,000. McGuire Investment Group LLC acquired a new stake in BigBear.ai during the 1st quarter valued at $131,000. PFG Investments LLC acquired a new position in BigBear.ai during the 1st quarter worth about $43,000. DecisionMap Wealth Management LLC bought a new stake in shares of BigBear.ai during the first quarter valued at approximately $51,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of BigBear.ai during the first quarter valued at $248,000. 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.