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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were up 1.5% during trading on Monday . The stock traded as high as $3.57 and last traded at $3.39. Approximately 30,001,240 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 21,047,142 shares. The stock had previously closed at $3.34.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BBAI shares. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities downgraded 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 report on Friday, March 7th. HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Up 1.8 %

The firm has a market cap of $910.14 million, a PE ratio of -3.51 and a beta of 3.12. The company has a 50-day simple moving average of $5.23 and a 200-day simple moving average of $3.18. 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 Activity at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction 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 completion of the sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last quarter. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in shares of BigBear.ai during the third quarter valued at approximately $61,000. State Street Corp increased its holdings 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 during the period. XTX Topco Ltd raised its position in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares in the last quarter. Barclays PLC lifted its holdings in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after buying an additional 107,214 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 479,401 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.