BigBear.ai (NYSE:BBAI) Stock Price Up 3.6% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 3.6% on Tuesday . The stock traded as high as $2.93 and last traded at $2.96. 9,392,459 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 56,929,926 shares. The stock had previously closed at $2.86.

Analyst Ratings Changes

BBAI has been the topic of several research reports. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the company from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.

BigBear.ai Stock Performance

The business’s 50-day moving average price is $5.07 and its 200-day moving average price is $3.35. 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 stock has a market cap of $839.85 million, a PE ratio of -3.19 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business’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 sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,119 shares of company stock worth $629,502. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai during the 4th quarter valued at about $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai in the fourth quarter worth about $47,000. Finally, Bay Rivers Group acquired a new stake in 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.