BigBear.ai (NYSE:BBAI) Trading 3.6% Higher – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 3.6% during mid-day trading on Tuesday . The stock traded as high as $3.20 and last traded at $3.04. Approximately 19,953,953 shares traded hands during trading, a decline of 14% from the average daily volume of 23,135,859 shares. The stock had previously closed at $2.93.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and upped their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th. Finally, HC Wainwright cut 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 8.0 %

The firm has a fifty day simple moving average of $4.95 and a 200-day simple moving average of $3.40. The company has a market capitalization of $778.87 million, a PE ratio of -2.96 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insiders Place Their Bets

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in BigBear.ai in the fourth quarter worth about $89,000. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $4,005,000. Soviero Asset Management LP acquired a new position in BigBear.ai during the 4th quarter valued at approximately $3,248,000. Two Sigma Investments LP bought a new position in BigBear.ai during the 4th quarter worth $70,000. Finally, ProShare Advisors LLC grew its stake in BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after buying an additional 9,879 shares during the last quarter. 7.55% of the stock is currently owned by 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.