BigBear.ai (NYSE:BBAI) Trading Up 5.2% - Here's What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were up 5.2% on Tuesday . The company traded as high as $2.53 and last traded at $2.52. Approximately 10,017,134 shares were traded during trading, a decline of 59% from the average daily volume of 24,656,737 shares. The stock had previously closed at $2.39.

Analysts Set New Price Targets

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

BigBear.ai Trading Up 3.1 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $804.88 million, a P/E ratio of -3.05 and a beta of 3.34. The business's 50-day moving average is $3.85 and its 200 day moving average is $3.47.

Insider Activity

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. AE Industrial Partners LP bought a new position in shares of BigBear.ai in the 4th quarter valued at $284,721,000. TFG Asset Management GP Ltd acquired a new position in BigBear.ai during the fourth quarter worth about $4,005,000. Soviero Asset Management LP bought a new position in shares of BigBear.ai in the fourth quarter worth about $3,248,000. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 479,401 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of 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. 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.