BigBear.ai (NYSE:BBAI) Stock Price Up 12.6% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 12.6% during mid-day trading on Monday . The company traded as high as $3.22 and last traded at $3.35. Approximately 13,261,327 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 21,688,463 shares. The stock had previously closed at $2.97.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Up 13.5 %

The company’s fifty day moving average is $5.12 and its 200-day moving average is $3.28. 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 market capitalization of $960.00 million, a P/E ratio of -3.70 and a beta of 3.12.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 66,140 shares of the 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 completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’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 directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. AE Industrial Partners LP acquired a new stake in BigBear.ai during the fourth quarter worth $284,721,000. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai during the 4th quarter worth about $4,005,000. Soviero Asset Management LP acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $3,248,000. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% during the 3rd 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 in the last quarter. Finally, State Street Corp raised its position in BigBear.ai by 16.8% in the third 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 in the last quarter. 7.55% of the stock is currently owned by 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.