BigBear.ai (NYSE:BBAI) Trading Up 7.8% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were up 7.8% during trading on Friday . The company traded as high as $3.59 and last traded at $3.53. Approximately 24,333,025 shares changed hands during trading, an increase of 14% from the average daily volume of 21,363,389 shares. The stock had previously closed at $3.27.

Analysts Set New Price Targets

A number of analysts have commented on BBAI shares. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright lowered their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Stock Up 7.5 %

The company has a market cap of $1.00 billion, a price-to-earnings ratio of -3.86 and a beta of 3.12. 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’s fifty day moving average price is $5.17 and its 200-day moving average price is $3.21.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. acquired a new position in BigBear.ai in the 4th quarter worth $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai in the 4th quarter worth $44,000. Captrust Financial Advisors acquired a new position in BigBear.ai in the 4th quarter worth $45,000. Retirement Income Solutions Inc bought a new stake in BigBear.ai during the 4th quarter worth about $47,000. Finally, Bay Rivers Group bought a new stake in BigBear.ai during the 4th quarter worth about $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.