BigBear.ai (NYSE:BBAI) Shares Up 12.2% - Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) rose 12.2% during mid-day trading on Friday . The stock traded as high as $3.32 and last traded at $3.27. Approximately 34,667,247 shares traded hands during trading, an increase of 38% from the average daily volume of 25,178,327 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

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

BigBear.ai Price Performance

The firm's 50-day moving average is $3.63 and its 200-day moving average is $3.53. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.03 billion, a PE ratio of -3.90 and a beta of 3.34.

Insider Buying and Selling

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

A number of institutional investors have recently made changes to their positions in BBAI. Kieckhefer Group LLC bought a new stake in BigBear.ai during the 1st quarter valued at $640,000. McGuire Investment Group LLC bought a new position in shares of BigBear.ai during the first quarter valued at about $131,000. PFG Investments LLC bought a new stake in shares of BigBear.ai in the first quarter worth about $43,000. DecisionMap Wealth Management LLC bought a new stake in shares of BigBear.ai in the first quarter worth about $51,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in BigBear.ai during the 1st quarter valued at about $248,000. 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.