BigBear.ai (NYSE:BBAI) Trading Up 13.9% - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was up 13.9% during trading on Wednesday . The stock traded as high as $9.25 and last traded at $9.12. Approximately 54,273,366 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 64,058,141 shares. The stock had previously closed at $8.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BBAI shares. HC Wainwright boosted their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, December 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The stock has a market cap of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17. The business has a 50 day moving average price of $4.50 and a 200 day moving average price of $2.66. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the 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 transaction, the director now directly owns 137,838 shares in the company, 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 90 days, 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 Trading of BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during 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 acquired a new stake in BigBear.ai during the 4th quarter worth about $47,000. Bay Rivers Group acquired a new stake in BigBear.ai during the 4th quarter worth about $48,000. Finally, Jones Financial Companies Lllp grew its position in BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after purchasing an additional 12,607 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.

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.