BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $3.58, but opened at $3.36. BigBear.ai shares last traded at $3.28, with a volume of 7,871,067 shares traded.
Wall Street Analysts Forecast Growth
BBAI has been the topic of a number of analyst reports. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Cantor Fitzgerald cut 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 objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th.
View Our Latest Research Report on BBAI
BigBear.ai Trading Down 5.9 %
The company's 50 day moving average price is $3.47 and its two-hundred day moving average price is $3.54. The firm has a market cap of $973.95 million, a PE ratio of -3.70 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.
Insider Buying and Selling
In other news, CAO Sean Raymond Ricker sold 36,166 shares of the 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 transaction, the chief accounting officer now owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BigBear.ai
Hedge funds and other institutional investors have recently modified their holdings of the business. City State Bank purchased a new stake in BigBear.ai during the first quarter worth $29,000. Cornerstone Wealth Management LLC bought a new stake in BigBear.ai during the first quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new position in BigBear.ai in the first quarter valued at about $34,000. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the fourth quarter worth about $40,000. Finally, PFG Investments LLC purchased a new stake in shares of BigBear.ai during the first quarter valued at about $43,000. 7.55% of the stock is currently owned by institutional investors.
About BigBear.ai
(
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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