BigBear.ai (NYSE:BBAI) Trading Down 3.6% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded down 3.6% on Tuesday . The company traded as low as $2.48 and last traded at $2.53. 17,279,831 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 24,131,602 shares. The stock had previously closed at $2.62.

Analyst Ratings Changes

Several equities research analysts have recently issued reports 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 for the company in a research note on Friday, March 7th. Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Cantor Fitzgerald lowered 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 report on Friday, March 7th.

BigBear.ai Stock Up 1.4 %

The firm has a market cap of $729.74 million, a PE ratio of -2.77 and a beta of 3.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $3.45.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai 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 completion of the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of BigBear.ai

A number of hedge funds have recently bought and sold shares of the company. City State Bank bought a new stake in shares of BigBear.ai in the 1st quarter worth approximately $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai during the first quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new position in shares of BigBear.ai in the first quarter worth about $34,000. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $40,000. Finally, Simon Quick Advisors LLC purchased a new stake in BigBear.ai during the 4th quarter valued at about $44,000. 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.