BigBear.ai (NYSE:BBAI) Shares Down 0.1% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 0.1% on Monday . The company traded as low as $3.46 and last traded at $3.53. 23,035,605 shares traded hands during trading, an increase of 8% from the average session volume of 21,351,291 shares. The stock had previously closed at $3.53.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a 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 on the stock in a research report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Stock Down 15.0 %

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 company has a market capitalization of $844.62 million, a P/E ratio of -3.26 and a beta of 3.12. The company has a 50-day moving average of $5.14 and a two-hundred day moving average of $3.24.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AE Industrial Partners LP purchased a new stake in BigBear.ai during the fourth quarter valued at $284,721,000. TFG Asset Management GP Ltd purchased a new stake in BigBear.ai during the fourth quarter valued at $4,005,000. Soviero Asset Management LP purchased a new stake in BigBear.ai during the fourth quarter valued at $3,248,000. Geode Capital Management LLC increased its position in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Finally, State Street Corp increased its position in 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 acquiring an additional 267,673 shares during the last quarter. 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.