BigBear.ai (NYSE:BBAI) Stock Price Up 32.5% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were up 32.5% during mid-day trading on Wednesday . The stock traded as high as $6.46 and last traded at $6.51. Approximately 80,906,546 shares traded hands during trading, an increase of 117% from the average daily volume of 37,203,715 shares. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

BBAI has been the topic of several research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.

BigBear.ai Price Performance

The stock has a 50 day moving average of $4.00 and a 200-day moving average of $2.46. The stock has a market capitalization of $2.20 billion, a P/E ratio of -9.60 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm'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 transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the fourth quarter worth approximately $44,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai during the fourth quarter worth $47,000. Bay Rivers Group bought a new stake in BigBear.ai during the 4th quarter valued at $48,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of BigBear.ai by 4,202.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock valued at $57,000 after acquiring an additional 12,607 shares during the period. 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.