Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 12.6% on Monday . The stock traded as high as $3.22 and last traded at $3.35. 13,261,327 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 21,688,463 shares. The stock had previously closed at $2.97.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BBAI. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright lowered 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. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $2.50 to $4.00 in a research note on Friday, March 7th. Finally, Cantor Fitzgerald decreased their target price 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.
Read Our Latest Stock Report on BBAI
BigBear.ai Stock Down 2.8 %
The stock's 50 day moving average is $5.13 and its 200 day moving average is $3.31. The company has a market capitalization of $883.08 million, a PE ratio of -3.41 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.
Insiders Place Their Bets
In other news, CAO Sean Raymond Ricker sold 36,166 shares of the company'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 sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,119 shares of company stock worth $629,502 over the last 90 days. Corporate insiders own 1.00% of the company's stock.
Institutional Trading of BigBear.ai
Several hedge funds and other institutional investors have recently bought and sold shares of BBAI. Invesco Ltd. increased its stake in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after purchasing an additional 1,629 shares during the period. Victory Capital Management Inc. raised its holdings in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after buying an additional 2,332 shares during the last quarter. Deutsche Bank AG raised its holdings in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after buying an additional 2,427 shares during the last quarter. Wells Fargo & Company MN boosted its position in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after buying an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after acquiring an additional 5,591 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.
BigBear.ai Company Profile
(
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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