BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.54, but opened at $3.73. BigBear.ai shares last traded at $3.70, with a volume of 17,473,873 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on BBAI shares. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. 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. Finally, Cantor Fitzgerald decreased their price objective 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.
Read Our Latest Stock Report on BigBear.ai
BigBear.ai Trading Down 3.7 %
The business has a 50-day moving average of $5.11 and a 200-day moving average of $3.31. The stock has a market cap of $839.21 million, a price-to-earnings ratio of -3.25 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.
Insiders Place Their Bets
In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's 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 transaction, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated 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 sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,119 shares of company stock worth $629,502. 1.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. State Street Corp raised 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 worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Geode Capital Management LLC boosted its stake in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of BigBear.ai during the fourth quarter worth about $325,000. Barclays PLC raised its holdings in BigBear.ai by 310.3% during 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 last quarter. Finally, Sargent Investment Group LLC purchased a new stake in BigBear.ai in the fourth quarter worth about $1,028,000. Institutional investors own 7.55% of the company's stock.
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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