BigBear.ai (NYSE:BBAI) Trading Up 24.7% - Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shot up 24.7% during mid-day trading on Friday . The stock traded as high as $8.39 and last traded at $8.44. 83,269,623 shares traded hands during trading, an increase of 62% from the average session volume of 51,359,652 shares. The stock had previously closed at $6.77.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Up 22.6 %

The business has a fifty day moving average price of $4.25 and a 200 day moving average price of $2.56. The firm has a market cap of $2.47 billion, a PE ratio of -10.78 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after buying an additional 5,591 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after acquiring an additional 8,879 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the 4th quarter valued at approximately $40,000. Finally, Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the fourth quarter valued at $44,000. 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.