BigBear.ai (NYSE:BBAI) Sees Unusually-High Trading Volume – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually-strong trading volume on Friday . Approximately 15,836,786 shares traded hands during trading, a decline of 24% from the previous session’s volume of 20,887,041 shares.The stock last traded at $3.38 and had previously closed at $4.20.

Analyst Ratings Changes

A number of equities analysts have commented on BBAI shares. 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. HC Wainwright lowered their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. Finally, Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $2.50 to $4.00 in a report on Friday.

BigBear.ai Price Performance

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 company’s 50 day moving average price is $5.32 and its 200 day moving average price is $3.12. The company has a market cap of $926.95 million, a price-to-earnings ratio of -3.55 and a beta of 3.12.

Insider Activity at BigBear.ai

In other news, 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 completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s 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 sale, the director now directly 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. Over the last 90 days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of BBAI. State Street Corp lifted its holdings in BigBear.ai by 16.8% in 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 last quarter. Geode Capital Management LLC raised its stake in shares of BigBear.ai by 28.6% in the third 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. Barclays PLC raised its position in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the last quarter. Sargent Investment Group LLC bought a new stake in shares of BigBear.ai during the fourth quarter worth $1,028,000. Finally, Grove Bank & Trust lifted its position in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after purchasing an additional 100,900 shares in 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.