BigBear.ai (NYSE:BBAI) Stock Price Down 5.7% - Here's What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 5.7% during mid-day trading on Monday . The stock traded as low as $2.36 and last traded at $2.39. 9,973,755 shares traded hands during trading, a decline of 82% from the average session volume of 55,246,191 shares. The stock had previously closed at $2.53.

Analyst Ratings Changes

BBAI has been the topic of several research reports. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Northland Securities cut shares of 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. Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research report 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 on the stock in a report on Friday, March 7th.

BigBear.ai Trading Up 3.9 %

The business's 50-day moving average price is $3.85 and its two-hundred day moving average price is $3.47. The firm has a market cap of $810.66 million, a price-to-earnings ratio of -3.08 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. Barclays PLC raised its position in BigBear.ai by 310.3% in the third 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 period. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% in 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 period. Sovereign Financial Group Inc. grew its stake in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after buying an additional 174,815 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after buying an additional 100,900 shares during the period. 7.55% of the stock is currently 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.