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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 5.1% during mid-day trading on Monday . The company 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 analyst reports. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Cantor Fitzgerald decreased 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. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, HC Wainwright reduced their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a fifty day moving average of $5.10 and a two-hundred day moving average of $3.34. 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 market cap of $836.68 million, a price-to-earnings ratio of -3.19 and a beta of 3.12.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value 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 $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,119 shares of company stock valued at $629,502 over the last ninety days. 1.00% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the 4th quarter worth about $40,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai in the fourth quarter worth about $44,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $45,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai during the fourth quarter worth about $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai during the 4th quarter valued at about $48,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.