BigBear.ai (NYSE:BBAI) Trading 5.2% Higher - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 5.2% during mid-day trading on Wednesday . The stock traded as high as $6.26 and last traded at $5.89. 20,262,978 shares traded hands during trading, a decline of 69% from the average session volume of 66,176,375 shares. The stock had previously closed at $5.60.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, December 30th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market cap of $1.30 billion, a PE ratio of -5.70 and a beta of 3.17. The firm has a fifty day simple moving average of $5.24 and a two-hundred day simple moving average of $3.05. 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

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 stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently modified their holdings of the business. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai during the 4th quarter worth approximately $4,005,000. Soviero Asset Management LP bought a new stake in shares of BigBear.ai during the 4th quarter worth approximately $3,248,000. Two Sigma Investments LP bought a new stake in shares of BigBear.ai during the 4th quarter worth approximately $70,000. ProShare Advisors LLC lifted its stake in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock worth $129,000 after acquiring an additional 9,879 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BigBear.ai by 21.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company's stock worth $1,320,000 after acquiring an additional 51,377 shares during the last quarter. 7.55% of the stock is 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.