BigBear.ai (NYSE:BBAI) Trading 3.4% Higher - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was up 3.4% during trading on Wednesday . The stock traded as high as $3.03 and last traded at $3.05. Approximately 12,349,655 shares traded hands during trading, a decline of 45% from the average daily volume of 22,422,972 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Performance

The stock has a market cap of $822.22 million, a price-to-earnings ratio of -3.13 and a beta of 3.34. The company's 50-day simple moving average is $4.97 and its 200-day simple moving average is $3.37. 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 Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,372 shares of company stock valued at $435,627 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

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Institutional Trading of BigBear.ai

Large investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter worth $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter worth about $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai during the 4th quarter valued at about $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $48,000. 7.55% of the stock is 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.