BigBear.ai (NYSE:BBAI) Trading Up 3.4% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 3.4% on Wednesday . The company traded as high as $3.03 and last traded at $3.05. 12,349,655 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 22,422,972 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

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

BigBear.ai Price Performance

The firm has a market cap of $916.15 million, a PE ratio of -3.48 and a beta of 3.12. The firm has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $3.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,185 shares of company stock valued at $635,493 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

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