BigBear.ai (NYSE:BBAI) Trading Up 3.6% – Should You Buy?

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

Wall Street Analysts Forecast Growth

BBAI has been the topic of several analyst reports. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright lowered their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Cantor Fitzgerald cut their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Stock Performance

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 stock has a market cap of $778.87 million, a PE ratio of -2.96 and a beta of 3.34. The firm’s 50-day moving average is $4.95 and its 200 day moving average is $3.40.

Insider Buying and Selling

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC purchased a new stake in shares of BigBear.ai during the 4th quarter worth $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the 4th quarter worth $45,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $48,000. 7.55% of the stock is 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.