BigBear.ai (NYSE:BBAI) Trading Up 1.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price shot up 1.8% during trading on Friday . The stock traded as high as $5.31 and last traded at $5.21. 17,412,172 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 64,742,750 shares. The stock had previously closed at $5.12.

Analyst Ratings Changes

BBAI has been the topic of several recent analyst reports. HC Wainwright upped their price target 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 reiterated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 7.5 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -5.21 and a beta of 3.17. The business's 50 day simple moving average is $5.24 and its 200-day simple moving average is $3.06.

Insider Activity at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value 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. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 310,953 shares of company stock valued at $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Large investors have recently made changes to their positions in the stock. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai in the 4th quarter valued at approximately $4,005,000. Soviero Asset Management LP bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $3,248,000. Two Sigma Investments LP acquired a new stake in shares of BigBear.ai in the fourth quarter worth $70,000. ProShare Advisors LLC boosted its holdings in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock worth $129,000 after buying an additional 9,879 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BigBear.ai by 21.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company's stock valued at $1,320,000 after buying an additional 51,377 shares during the last quarter. 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.