BigBear.ai (NYSE:BBAI) Trading Up 1.5% - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price shot up 1.5% on Monday . The stock traded as high as $3.57 and last traded at $3.39. 30,001,240 shares traded hands during trading, an increase of 43% from the average session volume of 21,047,142 shares. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BBAI. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday. Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $2.50 to $4.00 in a research note on Friday. Cantor Fitzgerald decreased their price target 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. Finally, Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday.

BigBear.ai Stock Performance

The stock has a 50-day moving average price of $5.26 and a 200 day moving average price of $3.17. The firm has a market cap of $884.51 million, a PE ratio of -3.42 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last 90 days. 1.40% of the stock is owned by company insiders.

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Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Geode Capital Management LLC boosted its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. Barclays PLC grew its stake in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after buying an additional 107,214 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $325,000. Finally, Sargent Investment Group LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $1,028,000. 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.