BigBear.ai (NYSE:BBAI) Trading Up 1.5% - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price rose 1.5% during mid-day trading on Monday . The company traded as high as $5.65 and last traded at $5.24. Approximately 23,670,002 shares changed hands during trading, a decline of 63% from the average daily volume of 64,403,520 shares. The stock had previously closed at $5.16.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent research reports. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 12.4 %

The stock's fifty day simple moving average is $5.29 and its 200-day simple moving average is $3.11. The stock has a market cap of $1.06 billion, a P/E ratio of -4.62 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

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