BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 24.7% during mid-day trading on Friday . The stock traded as high as $8.39 and last traded at $8.44. 83,269,623 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 51,359,652 shares. The stock had previously closed at $6.77.
A number of brokerages have recently commented on BBAI. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.
Get Our Latest Stock Analysis on BigBear.ai
The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm's fifty day simple moving average is $3.87 and its 200-day simple moving average is $2.40.
In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 over the last quarter. Insiders own 1.40% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Advisors bought a new position in shares of BigBear.ai during the 4th quarter worth about $177,000. Raymond James Financial Inc. acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $618,000. Victory Capital Management Inc. increased its holdings in shares of BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after acquiring an additional 2,332 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after purchasing an additional 8,879 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of BigBear.ai in the 4th quarter worth $597,000. 7.55% of the stock is owned by institutional investors.
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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