BigBear.ai (NYSE:BBAI) Trading Down 0.9% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 0.9% on Tuesday . The stock traded as low as $3.62 and last traded at $3.51. 28,048,435 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 21,814,539 shares. The stock had previously closed at $3.54.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BBAI shares. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Cantor Fitzgerald reduced their target price 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. Finally, HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Price Performance

The stock has a market cap of $995.60 million, a PE ratio of -3.86 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. The stock’s 50-day moving average is $5.13 and its two-hundred day moving average is $3.29.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $89,000. TFG Asset Management GP Ltd acquired a new position in BigBear.ai during the 4th quarter worth approximately $4,005,000. Soviero Asset Management LP acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $3,248,000. Two Sigma Investments LP acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $70,000. Finally, ProShare Advisors LLC grew its stake in shares of BigBear.ai by 51.5% during the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after purchasing an additional 9,879 shares in the last quarter. Institutional investors and hedge funds 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.