BigBear.ai (NYSE:BBAI) Stock Price Down 0.7% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares fell 0.7% during mid-day trading on Tuesday . The stock traded as low as $2.93 and last traded at $3.12. 19,414,458 shares traded hands during trading, a decline of 8% from the average session volume of 21,165,348 shares. The stock had previously closed at $3.14.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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 report on Friday, March 7th. Cantor Fitzgerald dropped their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

BigBear.ai Stock Up 0.8 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $912.99 million, a PE ratio of -3.52 and a beta of 3.12. The firm's 50-day simple moving average is $5.23 and its 200 day simple moving average is $3.18.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company's stock.

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Institutional Trading of BigBear.ai

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

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.