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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 0.8% during trading on Wednesday . The company traded as high as $3.05 and last traded at $3.00. 8,158,589 shares were traded during mid-day trading, a decline of 62% from the average session volume of 21,491,935 shares. The stock had previously closed at $2.97.

Analysts Set New Price Targets

A number of research firms have recently commented on BBAI. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. HC Wainwright dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price objective 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.

BigBear.ai Stock Down 3.8 %

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 $821.84 million, a price-to-earnings ratio of -3.21 and a beta of 3.12. The stock has a fifty day moving average of $5.13 and a 200-day moving average of $3.24.

Insider Buying and Selling

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBAI. AE Industrial Partners LP purchased a new position in shares of BigBear.ai during the fourth quarter valued at $284,721,000. TFG Asset Management GP Ltd purchased a new position in shares of BigBear.ai during the fourth quarter valued at $4,005,000. Soviero Asset Management LP purchased a new position in shares of BigBear.ai during the fourth quarter valued at $3,248,000. Geode Capital Management LLC grew its holdings in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after buying an additional 479,401 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.