BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 0.8% during trading on Wednesday . The stock traded as high as $3.05 and last traded at $3.00. 8,158,589 shares traded hands during trading, a decline of 62% from the average session volume of 21,491,935 shares. The stock had previously closed at $2.97.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $2.50 to $4.00 in a report on Friday, March 7th.
Read Our Latest Research Report on BBAI
BigBear.ai Stock Performance
The firm has a fifty day moving average price of $5.12 and a 200 day moving average price of $3.26. 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 $847.76 million, a PE ratio of -3.27 and a beta of 3.12.
Insider Buying and Selling
In related news, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was 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. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last 90 days. Insiders own 1.40% of the company's stock.
Institutional Investors Weigh In On BigBear.ai
A number of institutional investors have recently modified their holdings of the business. AE Industrial Partners LP acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $284,721,000. Vanguard Group Inc. grew its position in shares of BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after acquiring an additional 23,994 shares during the period. Geode Capital Management LLC grew its position in shares of BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after acquiring an additional 38,858 shares during the period. State Street Corp boosted its holdings in BigBear.ai by 16.8% in the 3rd 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. Finally, TFG Asset Management GP Ltd acquired a new stake in BigBear.ai in the 4th quarter worth about $4,005,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.
BigBear.ai Company Profile
(
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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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