BigBear.ai (NYSE:BBAI) Reaches New 12-Month High - Here's What Happened

BigBear.ai logo with Computer and Technology background

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $5.84 and last traded at $5.73, with a volume of 19647963 shares traded. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on BigBear.ai

BigBear.ai Stock Performance

The firm's fifty day moving average price is $3.87 and its 200-day moving average price is $2.41. The company has a market cap of $2.20 billion, a P/E ratio of -9.60 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was 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 approximately $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 can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, 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. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last quarter. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in BBAI. Victory Capital Management Inc. grew its position in shares of BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after acquiring an additional 2,332 shares during the period. Charles Schwab Investment Management Inc. increased its position in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares during the last quarter. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Finally, Retirement Income Solutions Inc bought a new position in shares of BigBear.ai during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 7.55% of the company's stock.

About BigBear.ai

(Get Free Report)

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.

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