BigBear.ai (NYSE:BBAI) Stock Price Down 3.7% – Here’s What Happened

by · The Cerbat Gem

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) shares were down 3.7% during trading on Wednesday . The stock traded as low as $2.46 and last traded at $2.48. Approximately 13,699,888 shares traded hands during trading, a decline of 43% from the average daily volume of 24,247,118 shares. The stock had previously closed at $2.57.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. 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 report on Friday, March 7th. 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. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $2.50 to $4.00 in a research report on Friday, March 7th.

Read Our Latest Research Report on BigBear.ai

BigBear.ai Stock Up 1.4 %

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 company has a fifty day moving average of $4.38 and a two-hundred day moving average of $3.44. The company has a market cap of $729.74 million, a PE ratio of -2.77 and a beta of 3.34.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’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 sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of BigBear.ai

Large investors have recently made changes to their positions in the stock. City State Bank bought a new stake in BigBear.ai during the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of BigBear.ai in the first quarter valued at approximately $34,000. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the fourth quarter worth approximately $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai during the 4th quarter worth $44,000. Finally, Captrust Financial Advisors bought a new stake in BigBear.ai during the 4th quarter valued at $45,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Company Profile

(Get Free Report)

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.

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