BigBear.ai (NYSE:BBAI) Trading 0.8% Higher – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 0.8% during trading on Wednesday . The company traded as high as $3.05 and last traded at $3.00. 8,158,589 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 21,491,935 shares. The stock had previously closed at $2.97.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Cantor Fitzgerald reduced their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. HC Wainwright reduced their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the company from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Trading Down 3.8 %

The company has a market cap of $821.84 million, a price-to-earnings ratio of -3.21 and a beta of 3.12. 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 firm has a 50-day moving average price of $5.13 and a 200 day moving average price of $3.24.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have 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

Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares in the last quarter. Victory Capital Management Inc. raised its stake in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after acquiring an additional 2,332 shares in the last quarter. Deutsche Bank AG raised its stake in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after acquiring an additional 2,427 shares in the last quarter. Wells Fargo & Company MN raised its stake in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after acquiring an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after acquiring an additional 5,591 shares in the last quarter. 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.