BigBear.ai (NYSE:BBAI) Stock Price Up 13.9% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 13.9% on Wednesday . The stock traded as high as $9.25 and last traded at $9.12. Approximately 54,273,366 shares changed hands during trading, a decline of 15% from the average daily volume of 64,058,141 shares. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BBAI shares. HC Wainwright boosted their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -10.29 and a beta of 3.17. The business has a 50-day moving average price of $4.11 and a 200-day moving average price of $2.50.

Insiders Place Their Bets

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after purchasing an additional 2,332 shares during the period. JPMorgan Chase & Co. boosted its holdings in BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after buying an additional 5,591 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after buying an additional 8,879 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of BigBear.ai during the fourth quarter valued at approximately $40,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.