BigBear.ai (NYSE:BBAI) Trading 1.4% Higher – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 1.4% during mid-day trading on Thursday . The stock traded as high as $2.58 and last traded at $2.53. Approximately 10,174,929 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 24,369,790 shares. The stock had previously closed at $2.49.

Wall Street Analyst Weigh In

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

BigBear.ai Price 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 firm has a market capitalization of $729.74 million, a price-to-earnings ratio of -2.77 and a beta of 3.34. The company has a 50-day moving average of $4.27 and a 200-day moving average of $3.45.

Insider Activity

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently bought and sold shares of the company. AE Industrial Partners LP acquired a new position in BigBear.ai during the fourth quarter worth $284,721,000. Vanguard Group Inc. grew its holdings in shares of BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after acquiring an additional 23,994 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock valued at $9,780,000 after acquiring an additional 38,858 shares during the last quarter. State Street Corp raised its holdings in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Finally, TFG Asset Management GP Ltd acquired a new position in BigBear.ai during the fourth quarter valued at approximately $4,005,000. Institutional investors and hedge funds 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.