BigBear.ai (NYSE:BBAI) Stock Price Down 7.5% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 7.5% on Tuesday . The company traded as low as $3.83 and last traded at $3.9850. 43,616,937 shares changed hands during trading, a decline of 12% from the average session volume of 49,442,758 shares. The stock had previously closed at $4.31.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BBAI shares. Cantor Fitzgerald lowered their price target on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. HC Wainwright reduced their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BigBear.ai currently has a consensus rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Down 7.5%

The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -4.58 and a beta of 3.27. The company has a 50-day moving average price of $4.00 and a 200 day moving average price of $4.77.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the transaction, the director directly owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the sale, the director owned 508,687 shares of the company’s stock, valued at approximately $2,034,748. This represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 105,000 shares of company stock valued at $424,950. Company insiders own 0.57% of the company’s stock.

Institutional Trading of BigBear.ai

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of BigBear.ai by 18.4% during the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after purchasing an additional 5,090,508 shares during the period. UBS Group AG boosted its holdings in shares of BigBear.ai by 145.7% during the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after purchasing an additional 6,158,665 shares during the period. State Street Corp lifted its holdings in shares of BigBear.ai by 33.6% during the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after buying an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BigBear.ai by 35.9% during the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after buying an additional 2,706,195 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $46,675,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.