BigBear.ai (NYSE:BBAI) Trading Up 0.8% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 0.8% on Thursday . The stock traded as high as $3.25 and last traded at $3.22. 9,071,078 shares traded hands during trading, a decline of 59% from the average session volume of 22,084,651 shares. The stock had previously closed at $3.19.

Wall Street Analysts Forecast Growth

Several equities 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 report on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 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 research report on Friday, March 7th. Finally, Cantor Fitzgerald lowered their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th.

BigBear.ai Stock Down 1.1 %

The company has a market capitalization of $898.75 million, a P/E ratio of -3.47 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a 50 day simple moving average of $5.13 and a two-hundred day simple moving average of $3.31.

Insider Activity

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

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its holdings in BigBear.ai by 16.8% during the 3rd 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 during the period. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 28.6% in the third 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. Oppenheimer & Co. Inc. purchased a new stake in BigBear.ai in the fourth quarter worth about $325,000. Barclays PLC grew its holdings in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Finally, Sargent Investment Group LLC purchased a new position in BigBear.ai during the 4th quarter valued at about $1,028,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.