BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price fell 6.7% during mid-day trading on Friday . The company traded as low as $2.70 and last traded at $2.84. 21,596,909 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 22,765,053 shares. The stock had previously closed at $3.04.
Analyst Ratings Changes
BBAI has been the topic of several recent research reports. Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Cantor Fitzgerald lowered 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. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, HC Wainwright cut their price objective 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.
Get Our Latest Stock Analysis on BBAI
BigBear.ai Price Performance
The stock has a market capitalization of $845.35 million, a PE ratio of -3.21 and a beta of 3.34. 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's fifty day moving average price is $4.95 and its two-hundred day moving average price is $3.40.
Insider Buying and Selling
In other news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction 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 in the company, valued at $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Institutional Trading of BigBear.ai
Several hedge funds have recently bought and sold shares of BBAI. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the 4th quarter valued at about $44,000. Captrust Financial Advisors purchased a new position in shares of BigBear.ai in the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group purchased a new position in shares of BigBear.ai during the 4th quarter worth about $48,000. Institutional investors own 7.55% of the company's stock.
BigBear.ai Company Profile
(
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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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