BigBear.ai (NYSE:BBAI) Shares Down 3.3% – Here’s What Happened
by Tristan Rich · The Markets DailyBigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price was down 3.3% during trading on Wednesday . The stock traded as low as $3.27 and last traded at $3.3180. 23,180,862 shares were traded during trading, a decline of 50% from the average session volume of 46,606,215 shares. The stock had previously closed at $3.43.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on BBAI shares. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.50.
Check Out Our Latest Stock Report on BigBear.ai
BigBear.ai Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.08 and a current ratio of 6.08. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -3.75 and a beta of 3.32. The business’s fifty day simple moving average is $4.06 and its 200 day simple moving average is $4.38.
Insider Transactions at BigBear.ai
In related news, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the transaction, the director owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $43,300.00. Following the sale, the chief financial officer owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BigBear.ai
Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC increased its stake in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after buying an additional 4,631 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares in the last quarter. A&I Financial Services LLC bought a new position in BigBear.ai during the 2nd quarter valued at $37,000. HM Payson & Co. boosted its stake in BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after acquiring an additional 6,169 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in BigBear.ai during the 1st quarter worth $41,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
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.