BigBear.ai Holdings, Inc. (NYSE:BBAI) CAO Sells $132,005.90 in Stock

BigBear.ai Holdings, Inc. (NYSE:BBAI) CAO Sean Raymond Ricker sold 36,166 shares of the firm’s 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 sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BigBear.ai Trading Down 9.3 %

Shares of NYSE:BBAI traded down $0.33 during mid-day trading on Wednesday, reaching $3.19. 34,058,315 shares of the company were exchanged, compared to its average volume of 22,056,711. The firm has a market cap of $907.30 million, a price-to-earnings ratio of -3.50 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. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36. The firm’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $3.31.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in BigBear.ai during the 3rd quarter worth about $61,000. State Street Corp increased its stake in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the period. XTX Topco Ltd raised its holdings in BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after acquiring an additional 22,363 shares in the last quarter. Barclays PLC lifted its stake in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% in 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. 7.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.