BigBear.ai (NYSE:BBAI) Trading Down 3.6% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 3.6% during trading on Tuesday . The company traded as low as $2.48 and last traded at $2.53. 17,279,831 shares traded hands during trading, a decline of 28% from the average session volume of 24,131,602 shares. The stock had previously closed at $2.62.

Analysts Set New Price Targets

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

BigBear.ai Price 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 stock’s fifty day moving average is $4.50 and its 200-day moving average is $3.44. The stock has a market cap of $719.63 million, a PE ratio of -2.74 and a beta of 3.34.

Insider Activity

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. XTX Topco Ltd grew its stake in shares of 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 buying an additional 22,363 shares in the last quarter. Barclays PLC raised its holdings in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the period. Geode Capital Management LLC raised its holdings 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 buying an additional 479,401 shares during the period. Finally, Sovereign Financial Group Inc. lifted its stake in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after acquiring an additional 174,815 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.