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

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

Analyst Ratings Changes

A number of equities analysts have weighed in on BBAI shares. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a report on Friday. 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.

BigBear.ai Stock Down 6.1 %

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 stock has a market cap of $893.05 million, a PE ratio of -3.45 and a beta of 3.12. The company’s 50-day moving average price is $5.29 and its 200 day moving average price is $3.16.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, 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 ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the 4th quarter worth $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai during the fourth quarter valued at about $44,000. Captrust Financial Advisors purchased a new position in shares of BigBear.ai in the fourth quarter valued at about $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the fourth quarter worth about $47,000. Finally, Bay Rivers Group purchased a new stake in shares of BigBear.ai during the fourth quarter worth about $48,000. 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.