BigBear.ai (NYSE:BBAI) Stock Price Down 7.8% Following Insider Selling

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 7.8% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $3.23 and last traded at $3.24. 13,960,282 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 21,984,977 shares. The stock had previously closed at $3.51.

Specifically, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBAI. Cantor Fitzgerald dropped 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. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, HC Wainwright lowered their target price 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.

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BigBear.ai Trading Down 0.5 %

The business's fifty day moving average is $5.10 and its two-hundred day moving average is $3.32. 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 firm has a market cap of $867.41 million, a price-to-earnings ratio of -3.35 and a beta of 3.12.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the third quarter valued at $61,000. State Street Corp lifted its position 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 purchasing an additional 267,673 shares during the period. XTX Topco Ltd lifted its position in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock valued at $89,000 after purchasing an additional 22,363 shares during the period. Barclays PLC boosted its stake in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after purchasing an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC grew its position 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 buying an additional 479,401 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

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.