BigBear.ai (NYSE:BBAI) Trading Up 0.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price shot up 0.8% during mid-day trading on Thursday . The stock traded as high as $3.25 and last traded at $3.22. 9,071,078 shares were traded during mid-day trading, a decline of 59% from the average session volume of 22,084,651 shares. The stock had previously closed at $3.19.

Wall Street Analysts Forecast Growth

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

BigBear.ai Trading Down 0.5 %

The firm has a market cap of $867.41 million, a P/E ratio of -3.35 and a beta of 3.12. 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 company's fifty day moving average price is $5.10 and its two-hundred day moving average price is $3.33.

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The shares were 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. This represents a 13.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,119 shares of company stock valued at $629,502. Corporate insiders own 1.00% of the company's stock.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBAI. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the fourth quarter valued at about $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai in the fourth quarter worth about $45,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai in the fourth quarter worth about $47,000. Finally, Bay Rivers Group bought a new stake in BigBear.ai during the 4th quarter worth about $48,000. Institutional investors and hedge funds 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.