BigBear.ai (NYSE:BBAI) Trading Down 3.7% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 3.7% on Wednesday . The stock traded as low as $2.46 and last traded at $2.48. 13,699,888 shares were traded during mid-day trading, a decline of 43% from the average session volume of 24,247,118 shares. The stock had previously closed at $2.57.

Wall Street Analyst Weigh In

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

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 stock's 50-day moving average price is $4.27 and its 200 day moving average price is $3.47. The firm has a market capitalization of $729.74 million, a price-to-earnings ratio of -2.77 and a beta of 3.34.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm'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 sale, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $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 at the SEC website. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. boosted its stake in BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after buying an additional 2,332 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after acquiring an additional 3,797 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after buying an additional 5,591 shares during the period. Institutional investors and hedge funds 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.