BigBear.ai (NYSE:BBAI) Trading Down 7.8% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 7.8% on Wednesday after an insider sold shares in the company. The company traded as low as $3.23 and last traded at $3.24. Approximately 13,960,282 shares changed hands during trading, a decline of 37% from the average daily volume of 21,984,977 shares. The stock had previously closed at $3.51.

Specifically, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. 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. Finally, Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

BigBear.ai Trading Down 1.5 %

The company has a market capitalization of $858.87 million, a PE ratio of -3.31 and a beta of 3.12. 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 stock has a fifty day moving average of $5.11 and a two-hundred day moving average of $3.31.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. grew its stake in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after buying an additional 1,629 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in BigBear.ai by 19.0% during the 4th 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 during the period. Deutsche Bank AG grew its position in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after acquiring an additional 2,427 shares during the last quarter. Wells Fargo & Company MN increased its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock worth $349,000 after purchasing an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after purchasing an additional 5,591 shares during the period. Hedge funds and other 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.