BigBear.ai (NYSE:BBAI) Stock Price Down 1.2% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were down 1.2% during trading on Thursday . The company traded as low as $2.98 and last traded at $3.07. Approximately 7,442,073 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 21,525,498 shares. The stock had previously closed at $3.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BBAI shares. Cantor Fitzgerald lowered their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright reduced their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

BigBear.ai Trading Down 0.8 %

The business has a 50 day moving average of $5.12 and a 200 day moving average of $3.26. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $847.76 million, a price-to-earnings ratio of -3.27 and a beta of 3.12.

Insider Activity

In other news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director now directly owns 137,838 shares in the company, 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 sold a total of 310,953 shares of company stock valued at $1,347,496 in the last ninety days. 1.40% of the stock is owned by insiders.

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Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in BigBear.ai during the 4th quarter worth approximately $89,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai in the 4th quarter valued at $4,005,000. Soviero Asset Management LP acquired a new position in BigBear.ai in the 4th quarter worth $3,248,000. Two Sigma Investments LP bought a new position in BigBear.ai during the 4th quarter worth about $70,000. Finally, ProShare Advisors LLC raised its stake in shares of BigBear.ai by 51.5% in the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock valued at $129,000 after purchasing an additional 9,879 shares during the period. Institutional investors own 7.55% of the company's stock.

BigBear.ai Company Profile

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.