BigBear.ai (NYSE:BBAI) Stock Price Down 5.1% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 5.1% during mid-day trading on Monday . The stock traded as low as $2.80 and last traded at $2.89. 12,876,001 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 22,267,657 shares. The stock had previously closed at $3.04.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of recent research reports. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, HC Wainwright dropped their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th.

BigBear.ai Stock Up 3.0 %

The stock has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $3.36. The firm has a market cap of $851.13 million, a PE ratio of -3.24 and a beta of 3.12. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated 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 sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,185 shares of company stock valued at $635,493. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AE Industrial Partners LP bought a new stake in shares of BigBear.ai during the 4th quarter worth $284,721,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai during the fourth quarter worth about $4,005,000. Soviero Asset Management LP purchased a new position in shares of BigBear.ai in the 4th quarter worth about $3,248,000. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

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.