BigBear.ai (NYSE:BBAI) Stock Price Up 0.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price rose 0.8% during mid-day trading on Thursday . The stock traded as high as $7.82 and last traded at $7.17. Approximately 86,358,827 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 47,177,395 shares. The stock had previously closed at $7.11.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Stock Down 5.7 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a fifty day moving average of $4.00 and a two-hundred day moving average of $2.46. The company has a market cap of $2.07 billion, a PE ratio of -8.99 and a beta of 3.17.

Insider Buying and Selling

In related news, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock valued at $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently bought and sold shares of BBAI. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai during the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the fourth quarter valued at about $44,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai in the fourth quarter worth about $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai during the fourth quarter worth about $48,000. Finally, Jones Financial Companies Lllp increased its holdings in BigBear.ai by 4,202.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after buying an additional 12,607 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.