BigBear.ai (NYSE:BBAI) Trading Up 1.1% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded up 1.1% during trading on Monday . The company traded as high as $9.70 and last traded at $8.68. 107,683,381 shares were traded during mid-day trading, an increase of 81% from the average session volume of 59,649,336 shares. The stock had previously closed at $8.59.

Analyst Ratings Changes

BBAI has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.

BigBear.ai Price Performance

The company's 50-day simple moving average is $4.50 and its 200-day simple moving average is $2.67. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -9.91 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insiders Place Their Bets

In related news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the 4th quarter worth $44,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai in the 4th quarter worth $47,000. Bay Rivers Group purchased a new position in BigBear.ai in the 4th quarter worth $48,000. Finally, Jones Financial Companies Lllp increased its position in shares of BigBear.ai by 4,202.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock valued at $57,000 after acquiring an additional 12,607 shares during the period. Hedge funds and other 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.