BigBear.ai (NYSE:BBAI) Sees Strong Trading Volume – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares saw an uptick in trading volume on Friday . 15,836,786 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 20,887,041 shares.The stock last traded at $3.38 and had previously closed at $4.20.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BBAI. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the company from $2.50 to $4.00 in a report on Friday. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday. Finally, Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday.

BigBear.ai Trading Down 20.3 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50 day moving average is $5.29 and its two-hundred day moving average is $3.15. The firm has a market cap of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanda Long sold 66,140 shares of the firm’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 transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, 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. Over the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $44,000. Captrust Financial Advisors acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $45,000. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai during the fourth quarter worth approximately $48,000. Institutional investors 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.