BigBear.ai (NYSE:BBAI) Shares Up 12.6% - Here's Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 12.6% on Monday . The stock traded as high as $3.22 and last traded at $3.35. 13,261,327 shares were traded during trading, a decline of 39% from the average session volume of 21,688,463 shares. The stock had previously closed at $2.97.

Analyst Ratings Changes

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

BigBear.ai Stock Down 0.5 %

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 business's fifty day simple moving average is $5.10 and its 200 day simple moving average is $3.33. The stock has a market cap of $867.41 million, a price-to-earnings ratio of -3.35 and a beta of 3.12.

Insider Activity

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the 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 transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,119 shares of company stock worth $629,502 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

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Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. acquired a new position in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the 4th quarter worth about $45,000. Retirement Income Solutions Inc bought a new stake in BigBear.ai in the fourth quarter worth approximately $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai during the 4th quarter valued at $48,000. 7.55% of the stock is owned by institutional investors.

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.