BigBear.ai (NYSE:BBAI) Trading Up 0.2% – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 0.2% during trading on Wednesday . The stock traded as high as $3.47 and last traded at $3.19. Approximately 20,946,563 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 21,271,373 shares. The stock had previously closed at $3.18.

Analyst Ratings Changes

Several analysts have recently commented on BBAI shares. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald decreased their target price 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. Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, HC Wainwright decreased their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm’s 50 day moving average is $5.21 and its 200-day moving average is $3.19. The stock has a market capitalization of $960.28 million, a price-to-earnings ratio of -3.78 and a beta of 3.12.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the company’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 transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s 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 transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC purchased a new stake in shares of BigBear.ai during the fourth quarter worth $44,000. Captrust Financial Advisors purchased a new stake in shares of BigBear.ai during the fourth quarter worth $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group purchased a new stake in shares of BigBear.ai during the fourth quarter worth $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.