BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was down 0.9% during mid-day trading on Tuesday . The company traded as low as $3.62 and last traded at $3.51. Approximately 28,048,435 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 21,814,539 shares. The stock had previously closed at $3.54.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on BBAI. HC Wainwright decreased 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 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. Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th.
Check Out Our Latest Research Report on BBAI
BigBear.ai Trading Down 1.1 %
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's 50 day moving average price is $5.11 and its 200 day moving average price is $3.31. The stock has a market capitalization of $861.72 million, a P/E ratio of -3.32 and a beta of 3.12.
Insider Transactions at BigBear.ai
In related news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 147,119 shares of company stock worth $629,502. 1.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On BigBear.ai
Hedge funds have recently made changes to their positions in the company. AE Industrial Partners LP purchased a new stake in shares of BigBear.ai in the 4th quarter worth about $284,721,000. Vanguard Group Inc. boosted its stake in BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after acquiring an additional 23,994 shares in the last quarter. Geode Capital Management LLC grew its holdings in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after purchasing an additional 38,858 shares during the period. State Street Corp increased its stake in shares of BigBear.ai by 16.8% during the third 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 in the last quarter. Finally, TFG Asset Management GP Ltd purchased a new position in shares of BigBear.ai during the fourth quarter valued at approximately $4,005,000. 7.55% of the stock is currently owned by institutional investors.
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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