BigBear.ai (NYSE:BBAI) Trading Up 1.8% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price shot up 1.8% on Friday . The stock traded as high as $5.31 and last traded at $5.21. 17,412,172 shares were traded during mid-day trading, a decline of 73% from the average session volume of 64,742,750 shares. The stock had previously closed at $5.12.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Up 1.3 %

The stock’s 50-day moving average price is $5.24 and its 200-day moving average price is $3.05. 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 stock has a market cap of $1.30 billion, a price-to-earnings ratio of -5.70 and a beta of 3.17.

Insider Buying and Selling

In related news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai 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 completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BBAI. TFG Asset Management GP Ltd acquired a new stake in BigBear.ai in the fourth quarter worth $4,005,000. Soviero Asset Management LP acquired a new stake in shares of BigBear.ai in the 4th quarter valued at about $3,248,000. Two Sigma Investments LP bought a new stake in BigBear.ai in the 4th quarter valued at about $70,000. ProShare Advisors LLC raised its stake in BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after buying an additional 9,879 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BigBear.ai by 21.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company’s stock worth $1,320,000 after acquiring an additional 51,377 shares in the last quarter. 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.