BigBear.ai (NYSE:BBAI) Trading 6.2% Higher - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded up 6.2% during trading on Wednesday . The stock traded as high as $2.82 and last traded at $2.73. 16,162,852 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 24,836,670 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Up 7.4 %

The stock has a market capitalization of $797.66 million, a P/E ratio of -3.03 and a beta of 3.34. 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's fifty day moving average is $3.98 and its 200-day moving average is $3.48.

Insider Activity

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

Institutional Trading of BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. Invesco Ltd. boosted its stake in shares of BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after purchasing an additional 1,629 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after buying an additional 2,332 shares during the period. Deutsche Bank AG boosted its stake in BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after acquiring an additional 2,427 shares during the last quarter. Wells Fargo & Company MN grew its holdings in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after acquiring an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after acquiring an additional 5,591 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

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.

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