BigBear.ai (NYSE:BBAI) Trading Down 3.2% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 3.2% on Thursday . The stock traded as low as $3.12 and last traded at $3.17. Approximately 10,936,447 shares were traded during trading, a decline of 49% from the average daily volume of 21,344,349 shares. The stock had previously closed at $3.27.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, HC Wainwright reduced their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

BigBear.ai Trading Down 2.0 %

The firm has a market cap of $912.99 million, a P/E ratio of -3.53 and a beta of 3.12. 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 stock has a 50 day moving average of $5.21 and a 200 day moving average of $3.19.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value 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 represents a 24.53 % 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. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AE Industrial Partners LP purchased a new stake in BigBear.ai during the 4th quarter valued at approximately $284,721,000. TFG Asset Management GP Ltd purchased a new position in BigBear.ai in the fourth quarter worth about $4,005,000. Soviero Asset Management LP bought a new stake in BigBear.ai in the fourth quarter worth $3,248,000. Geode Capital Management LLC grew its holdings in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BigBear.ai by 16.8% during the 3rd 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 during the last quarter. 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.