BigBear.ai (NYSE:BBAI) Trading 1.3% Higher - What's Next?

Key Points

• BigBear.ai's stock price increased by 1.3% on Monday, reaching a high of $7.27 but trading considerably lower in volume at 33,271,053 shares, down 62% from its average session volume.
• HC Wainwright has upgraded BigBear.ai's target price to $9.00 while assigning a "buy" rating, reflecting positive analyst sentiment for the company.
• Insiders at BigBear.ai have sold a total of 121,924 shares in the last 90 days, indicating a potential shift in confidence as the CFO and a director reduced their stakes in the company.

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 1.3% on Monday . The company traded as high as $7.27 and last traded at $7.23. 33,271,053 shares changed hands during trading, a decline of 62% from the average session volume of 87,448,453 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Down 1.1%

The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -9.15 and a beta of 3.44. The firm's 50 day simple moving average is $6.00 and its 200-day simple moving average is $4.82. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55.

Insider Buying and Selling at BigBear.ai

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

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently made changes to their positions in BBAI. Nisa Investment Advisors LLC increased its stake in shares of BigBear.ai by 68.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after acquiring an additional 2,527 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in BigBear.ai in the first quarter valued at approximately $26,000. Allworth Financial LP grew its position in BigBear.ai by 36.6% in the second quarter. Allworth Financial LP now owns 9,765 shares of the company's stock valued at $66,000 after acquiring an additional 2,615 shares in the last quarter. City State Bank acquired a new stake in BigBear.ai in the first quarter valued at approximately $29,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in BigBear.ai in the first quarter valued at approximately $29,000. 7.55% of the stock is currently owned by hedge funds and other 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.

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