BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $3.14, but opened at $3.03. BigBear.ai shares last traded at $3.05, with a volume of 6,139,509 shares traded.
Analysts Set New Price Targets
A number of analysts recently weighed in on BBAI shares. HC Wainwright reduced their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday. Cantor Fitzgerald cut their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a report on Friday.
Check Out Our Latest Research Report on BigBear.ai
BigBear.ai Stock Up 1.8 %
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 stock has a market cap of $910.14 million, a price-to-earnings ratio of -3.51 and a beta of 3.12. The business's 50 day moving average is $5.23 and its 200 day moving average is $3.18.
Insider Transactions at BigBear.ai
In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last quarter. Company insiders own 1.40% of the company's stock.
Hedge Funds Weigh In On BigBear.ai
A number of hedge funds have recently modified their holdings of BBAI. Intech Investment Management LLC purchased a new position in BigBear.ai in the third quarter valued at about $61,000. State Street Corp increased its holdings in BigBear.ai by 16.8% in 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 last quarter. XTX Topco Ltd raised its position in BigBear.ai by 57.9% during 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 valued at $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.
BigBear.ai Company Profile
(
Get Free Report)
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.
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