BigBear.ai (NYSE:BBAI) Trading Up 1.4% - Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 1.4% on Thursday . The company traded as high as $2.58 and last traded at $2.53. 10,174,929 shares were traded during trading, a decline of 58% from the average session volume of 24,369,790 shares. The stock had previously closed at $2.49.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Up 1.4 %

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 firm has a market cap of $729.74 million, a price-to-earnings ratio of -2.77 and a beta of 3.34. The firm has a 50-day moving average of $4.27 and a two-hundred day moving average of $3.45.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company's stock.

Institutional Trading of BigBear.ai

Institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of BigBear.ai during the fourth quarter valued at approximately $325,000. Barclays PLC raised its position in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.