BigBear.ai (NYSE:BBAI) Trading Down 2.8% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 2.8% on Friday . The stock traded as low as $2.94 and last traded at $2.98. 8,714,686 shares traded hands during trading, a decline of 61% from the average session volume of 22,125,322 shares. The stock had previously closed at $3.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a 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 on the stock in a report on Friday, March 7th.

BigBear.ai Trading Down 5.8 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $828.01 million, a P/E ratio of -3.15 and a beta of 3.12. The company has a 50-day simple moving average of $5.10 and a 200 day simple moving average of $3.34.

Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The stock was 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 of the company's stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were 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 $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,119 shares of company stock valued at $629,502 in the last ninety days. Company insiders own 1.00% of the company's stock.

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Institutional Trading of BigBear.ai

Institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after buying an additional 479,401 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $325,000. Barclays PLC grew its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after purchasing an additional 8,879 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.