BigBear.ai (NYSE:BBAI) Reaches New 1-Year High – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) reached a new 52-week high on Tuesday . The stock traded as high as $9.70 and last traded at $8.74, with a volume of 186988521 shares traded. The stock had previously closed at $8.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The business has a 50-day moving average price of $4.25 and a 200 day moving average price of $2.56.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $75,000. Geode Capital Management LLC boosted 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 valued at $9,780,000 after purchasing an additional 38,858 shares during the period. Blair William & Co. IL purchased a new position in shares of BigBear.ai during the 4th quarter valued at $1,039,000. JPMorgan Chase & Co. increased its holdings in shares of BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after purchasing an additional 5,591 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock worth $25,768,000 after buying an additional 23,994 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.