BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $2.66, but opened at $2.80. BigBear.ai shares last traded at $2.76, with a volume of 6,513,969 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on BBAI shares. Cantor Fitzgerald dropped their price objective 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. Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright decreased their target price on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Northland Securities downgraded 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 research note on Friday, March 7th.
Get Our Latest Report on BigBear.ai
BigBear.ai Price Performance
The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $813.55 million, a PE ratio of -3.09 and a beta of 3.34. The firm's 50 day simple moving average is $4.80 and its 200 day simple moving average is $3.43.
Insider Buying and Selling
In other news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value 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 approximately $814,205.50. This represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.
Institutional Trading of BigBear.ai
Institutional investors have recently modified their holdings of the company. City State Bank purchased a new position in shares of BigBear.ai in the 1st quarter valued at approximately $29,000. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai in the 4th quarter worth $45,000. Finally, Retirement Income Solutions Inc acquired a new stake in BigBear.ai during the 4th quarter worth about $47,000. 7.55% of the stock is currently owned by institutional investors.
About BigBear.ai
(
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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