BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares fell 1.8% on Monday . The company traded as low as $3.50 and last traded at $3.47. 44,125,620 shares changed hands during mid-day trading, an increase of 71% from the average session volume of 25,791,454 shares. The stock had previously closed at $3.53.
Analyst Ratings Changes
BBAI has been the subject of a number of recent research reports. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating 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 for the company in a report on Friday, March 7th.
Get Our Latest Stock Report on BigBear.ai
BigBear.ai Stock Down 2.4 %
The company's 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $3.53. The firm has a market capitalization of $995.63 million, a P/E ratio of -3.79 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.
Insider Transactions at BigBear.ai
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 sale, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.
Institutional Trading of BigBear.ai
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Barclays PLC increased its stake in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after acquiring an additional 174,815 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of BigBear.ai by 9,172.7% in the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after acquiring an additional 100,900 shares during the last quarter. Institutional investors own 7.55% of the company's stock.
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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