BigBear.ai (NYSE:BBAI) Shares Up 1.8% – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 1.8% during mid-day trading on Friday . The company traded as high as $5.31 and last traded at $5.21. 17,412,172 shares were traded during trading, a decline of 73% from the average session volume of 64,742,750 shares. The stock had previously closed at $5.12.

Wall Street Analyst Weigh In

Several analysts have recently commented on BBAI shares. HC Wainwright increased their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 1.3 %

The stock’s 50-day simple moving average is $5.24 and its 200-day simple moving average is $3.05. 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 $1.30 billion, a P/E ratio of -5.70 and a beta of 3.17.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, 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 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently modified their holdings of BBAI. AE Industrial Partners LP purchased a new stake in BigBear.ai in the fourth quarter worth $284,721,000. Vanguard Group Inc. grew its stake in shares of BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock worth $25,768,000 after acquiring an additional 23,994 shares during the period. Geode Capital Management LLC increased its holdings in BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after acquiring an additional 38,858 shares during the last quarter. State Street Corp raised its stake in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the period. Finally, TFG Asset Management GP Ltd purchased a new stake in BigBear.ai during the fourth quarter valued at about $4,005,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.