BigBear.ai (NYSE:BBAI) Shares Up 0.6% - Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were up 0.6% during mid-day trading on Monday . The stock traded as high as $3.05 and last traded at $2.87. Approximately 21,040,636 shares traded hands during trading, a decline of 9% from the average daily volume of 23,024,884 shares. The stock had previously closed at $2.85.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Down 1.2 %

The stock's fifty day simple moving average is $4.84 and its 200-day simple moving average is $3.42. The stock has a market cap of $810.66 million, a P/E ratio of -3.07 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Activity at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was 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 in the company, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of BBAI. AE Industrial Partners LP acquired a new position in BigBear.ai during the fourth quarter worth about $284,721,000. Vanguard Group Inc. increased its position in BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after purchasing an additional 23,994 shares in the last quarter. Geode Capital Management LLC increased its position in BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after purchasing an additional 38,858 shares in the last quarter. State Street Corp lifted its stake in 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 during the last quarter. Finally, TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai during the fourth quarter worth $4,005,000. 7.55% of the stock is currently owned by institutional investors.

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.