BigBear.ai (NYSE:BBAI) Shares Up 6.2% - What's Next?

Key Points

• BigBear.ai's stock rose by 6.2% to a last traded price of $7.02, despite a significant 68% decline in trading volume compared to average levels.
• HC Wainwright has increased its target price for BigBear.ai from $6.00 to $9.00, issuing a "buy" rating for the stock.
• Insider selling activity was noted, with key personnel including Director Dorothy D. Hayes and CFO Julie Peffer reducing their shares by 9.24% and 7.31% respectively over recent transactions.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price rose 6.2% on Friday . The company traded as high as $7.22 and last traded at $7.02. Approximately 28,387,635 shares changed hands during trading, a decline of 68% from the average daily volume of 87,452,781 shares. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their target price on BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st.

BigBear.ai Stock Up 6.6%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $2.05 billion, a PE ratio of -9.04 and a beta of 3.44. The company has a fifty day moving average of $5.94 and a two-hundred day moving average of $4.80.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director owned 255,239 shares in the company, valued at $918,860.40. This trade represents a 9.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,924 shares of company stock valued at $473,416 in the last 90 days. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Invesco Ltd. grew its position in shares of BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after buying an additional 1,629 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of BigBear.ai by 11.1% during the second quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after buying an additional 2,325 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares during the period. Nisa Investment Advisors LLC boosted its position in BigBear.ai by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after buying an additional 2,527 shares during the last quarter. Finally, Allworth Financial LP raised its position in BigBear.ai by 36.6% during the 2nd quarter. Allworth Financial LP now owns 9,765 shares of the company's stock worth $66,000 after buying an additional 2,615 shares during the last quarter. 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.

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