BigBear.ai (NYSE:BBAI) Trading Up 13.9% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded 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 trading, a decline of 15% from the average session volume of 64,058,141 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

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

BigBear.ai Stock Down 7.8 %

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17. The business's fifty day moving average price is $4.61 and its 200 day moving average price is $2.73.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently bought and sold shares of the business. State Street Corp increased its stake in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after acquiring an additional 267,673 shares during the last quarter. Geode Capital Management LLC lifted its position in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Barclays PLC lifted its holdings in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after purchasing an additional 107,214 shares in the last quarter. Sargent Investment Group LLC acquired a new position in BigBear.ai during the 4th quarter worth approximately $1,028,000. Finally, Grove Bank & Trust boosted its holdings in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after purchasing an additional 100,900 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.