BigBear.ai (NYSE:BBAI) Stock Price Up 5.2% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 5.2% on Wednesday . The company traded as high as $6.26 and last traded at $5.89. 20,262,978 shares were traded during mid-day trading, a decline of 69% from the average session volume of 66,176,375 shares. The stock had previously closed at $5.60.

Analyst Ratings Changes

BBAI has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a 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 report on Monday, December 30th.

BigBear.ai Trading Up 1.7 %

The firm’s 50-day moving average price is $5.10 and its 200-day moving average price is $2.97. The company has a market cap of $1.43 billion, a P/E ratio of -6.26 and a beta of 3.17. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of BigBear.ai 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 sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Institutional Trading of BigBear.ai

Hedge funds have recently bought and sold shares of the stock. Cape Investment Advisory Inc. purchased a new position in BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC purchased a new stake in shares of BigBear.ai in the fourth quarter worth about $44,000. Captrust Financial Advisors acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $45,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai in the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group acquired a new position in BigBear.ai during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.