BigBear.ai (NYSE:BBAI) Shares Down 14.5% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 14.5% during trading on Tuesday . The stock traded as low as $2.86 and last traded at $2.99. 27,246,868 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 21,454,347 shares. The stock had previously closed at $3.49.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BBAI. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Price Performance

The firm has a market cap of $873.11 million, a P/E ratio of -3.37 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 firm’s 50 day moving average is $5.16 and its 200 day moving average is $3.23.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction 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 sale, 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 valued at $1,347,496 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai during the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth $44,000. Captrust Financial Advisors purchased a new position in shares of BigBear.ai in the 4th quarter worth $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai during the 4th quarter valued at about $47,000. Finally, Bay Rivers Group bought a new position in shares of BigBear.ai in the 4th quarter valued at about $48,000. 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.