BigBear.ai (NYSE:BBAI) Stock Price Up 1.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was up 1.8% on Friday . The company traded as high as $5.31 and last traded at $5.21. Approximately 17,412,172 shares changed hands during trading, a decline of 73% from the average daily volume of 64,742,750 shares. The stock had previously closed at $5.12.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Trading Up 1.6 %

The company has a market cap of $1.20 billion, a PE ratio of -5.26 and a beta of 3.17. The stock's 50 day moving average is $5.29 and its 200-day moving average is $3.11. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

In other BigBear.ai news, 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 transaction 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. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in BigBear.ai in the third quarter worth about $61,000. State Street Corp lifted its stake in shares of 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 acquiring an additional 267,673 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after acquiring an additional 22,363 shares during the last quarter. Barclays PLC boosted its holdings in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares during the period. Finally, Geode Capital Management LLC grew its position in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after acquiring an additional 479,401 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other 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.