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

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

Wall Street Analyst Weigh In

Several research firms have issued reports on BBAI. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the company from $2.50 to $4.00 in a research note on Friday, March 7th. Finally, HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Stock Down 3.4 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The business’s fifty day moving average price is $5.00 and its two-hundred day moving average price is $3.36. The stock has a market capitalization of $874.25 million, a PE ratio of -3.32 and a beta of 3.12.

Insiders Place Their Bets

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction 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. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,372 shares of company stock valued at $435,627. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of BBAI. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter worth $44,000. Captrust Financial Advisors purchased a new stake in shares of BigBear.ai during the fourth quarter worth $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.