BigBear.ai (NYSE:BBAI) Trading Down 1.5% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded down 1.5% on Friday . The company traded as low as $2.85 and last traded at $2.96. 8,213,874 shares traded hands during trading, a decline of 62% from the average session volume of 21,558,943 shares. The stock had previously closed at $3.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BBAI shares. 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. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and increased their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Cantor Fitzgerald cut their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th.

BigBear.ai Price Performance

The company has a market cap of $957.15 million, a price-to-earnings ratio of -3.69 and a beta of 3.12. The company's 50-day simple moving average is $5.12 and its 200-day simple moving average is $3.28. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the company. AE Industrial Partners LP bought a new stake in BigBear.ai during the fourth quarter valued at $284,721,000. Vanguard Group Inc. lifted its holdings in BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after acquiring an additional 23,994 shares during the last quarter. Geode Capital Management LLC boosted its stake in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after acquiring an additional 38,858 shares during the period. State Street Corp grew its holdings 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 valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Finally, TFG Asset Management GP Ltd acquired a new stake in shares of BigBear.ai during the 4th quarter worth approximately $4,005,000. 7.55% of the stock is 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.