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

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Up 1.7 %

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 company has a market cap of $1.43 billion, a price-to-earnings ratio of -6.26 and a beta of 3.17. The business has a 50-day simple moving average of $5.10 and a 200-day simple moving average of $2.97.

Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated 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 owns 137,838 shares in the company, 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. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last three months. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai in the third quarter worth about $61,000. State Street Corp grew its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the last quarter. XTX Topco Ltd lifted 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 worth $89,000 after buying an additional 22,363 shares in the last quarter. Barclays PLC boosted its stake in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the period. 7.55% of the stock is owned by hedge funds and other 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.