BigBear.ai (NYSE:BBAI) Shares Down 0.1% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 0.1% during mid-day trading on Monday . The stock traded as low as $3.46 and last traded at $3.53. Approximately 23,035,605 shares traded hands during trading, an increase of 8% from the average daily volume of 21,351,291 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

Several analysts have issued reports on BBAI shares. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Northland Securities lowered 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 note on Friday, March 7th. Cantor Fitzgerald dropped their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

BigBear.ai Stock Performance

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 business has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $3.24. The firm has a market capitalization of $844.62 million, a PE ratio of -3.26 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in BigBear.ai during the 4th quarter valued at $89,000. TFG Asset Management GP Ltd acquired a new stake in shares of BigBear.ai in the 4th quarter worth $4,005,000. Soviero Asset Management LP acquired a new stake in shares of BigBear.ai in the 4th quarter worth $3,248,000. Two Sigma Investments LP acquired a new stake in shares of BigBear.ai in the 4th quarter worth $70,000. Finally, ProShare Advisors LLC boosted its position in shares of BigBear.ai by 51.5% in the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after purchasing an additional 9,879 shares in the last quarter. 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.