BigBear.ai (NYSE:BBAI) Trading 0.4% Higher - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares rose 0.4% on Monday . The stock traded as high as $2.98 and last traded at $2.82. Approximately 19,786,705 shares traded hands during trading, a decline of 17% from the average daily volume of 23,979,760 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Performance

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 capitalization of $729.74 million, a P/E ratio of -2.77 and a beta of 3.34. The stock's fifty day moving average price is $4.27 and its 200-day moving average price is $3.45.

Insider Buying and Selling at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated 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 owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after purchasing an additional 1,629 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of BigBear.ai by 19.0% in the fourth 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. Deutsche Bank AG increased its position in BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after acquiring an additional 2,427 shares during the period. Wells Fargo & Company MN raised its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after purchasing an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after purchasing an additional 5,591 shares in the last quarter. 7.55% of the stock is owned by institutional investors.

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.