BigBear.ai (NYSE:BBAI) Shares Down 3.9% – Here’s Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 3.9% during trading on Thursday . The stock traded as low as $2.86 and last traded at $2.98. 14,143,313 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 23,561,799 shares. The stock had previously closed at $3.10.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Performance

The stock has a market cap of $813.55 million, a price-to-earnings ratio of -3.09 and a beta of 3.34. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $3.43.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. raised its position in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG lifted its holdings in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after buying an additional 2,427 shares during the period. Wells Fargo & Company MN grew its position in shares of BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after buying an additional 3,797 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after buying an additional 5,591 shares during the period. 7.55% of the stock is currently owned by institutional investors.

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.