BigBear.ai (NYSE:BBAI) Shares Down 0.9% – Here’s Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 0.9% during trading on Tuesday . The company traded as low as $3.62 and last traded at $3.51. 28,048,435 shares were traded during mid-day trading, an increase of 29% from the average session volume of 21,814,539 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

BigBear.ai Price Performance

The firm’s fifty day moving average price is $5.13 and its 200-day moving average price is $3.31. The stock has a market cap of $874.82 million, a P/E ratio of -3.41 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,119 shares of company stock valued at $629,502 over the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth $89,000. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai in the 4th quarter valued at about $4,005,000. Soviero Asset Management LP purchased a new position in BigBear.ai in the fourth quarter worth about $3,248,000. Two Sigma Investments LP bought a new stake in BigBear.ai during the fourth quarter worth approximately $70,000. Finally, ProShare Advisors LLC raised its position in BigBear.ai by 51.5% during the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock valued at $129,000 after purchasing an additional 9,879 shares during the period. 7.55% of the stock is owned by institutional investors.

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.