BigBear.ai (NYSE:BBAI) Stock Price Down 3.2% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 3.2% during mid-day trading on Thursday . The stock traded as low as $3.12 and last traded at $3.17. 10,936,447 shares were traded during mid-day trading, a decline of 49% from the average session volume of 21,344,349 shares. The stock had previously closed at $3.27.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBAI. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Cantor Fitzgerald reduced their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Stock Performance

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 company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.86 and a beta of 3.12. The stock has a 50 day simple moving average of $5.17 and a two-hundred day simple moving average of $3.21.

Insiders Place Their Bets

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm'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 transaction, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. 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. 1.40% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings 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 worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BigBear.ai by 28.6% during the third 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 last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BigBear.ai during the fourth quarter worth about $325,000. Barclays PLC grew its holdings in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Sargent Investment Group LLC purchased a new position in shares of BigBear.ai during the fourth quarter worth about $1,028,000. Hedge funds and other institutional investors 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.