BigBear.ai (NYSE:BBAI) Stock Price Down 0.1% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded down 0.1% during trading on Monday . The company traded as low as $3.46 and last traded at $3.53. 23,035,605 shares changed hands during trading, an increase of 8% from the average session volume of 21,351,291 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

BBAI has been the topic of several research analyst reports. HC Wainwright cut their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald cut their price target 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 Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price target for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

BigBear.ai Price Performance

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 market cap of $850.32 million, a PE ratio of -3.28 and a beta of 3.12. The business has a 50-day moving average price of $5.13 and a 200 day moving average price of $3.24.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by insiders.

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Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai during the fourth quarter worth about $44,000. Captrust Financial Advisors bought a new position in BigBear.ai in the 4th quarter worth about $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai during the 4th quarter valued at about $48,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

About BigBear.ai

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.