BigBear.ai (NYSE:BBAI) Stock Price Down 7.8% on Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 7.8% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $3.23 and last traded at $3.24. 13,960,282 shares changed hands during trading, a decline of 37% from the average session volume of 21,984,977 shares. The stock had previously closed at $3.51.

Specifically, 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 value of $132,005.90. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Several research firms have recently commented on BBAI. Cantor Fitzgerald dropped 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 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. HC Wainwright reduced their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a market capitalization of $858.87 million, a PE ratio of -3.31 and a beta of 3.12. 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 business’s 50-day moving average is $5.11 and its 200-day moving average is $3.31.

Institutional Trading of BigBear.ai

A number of hedge funds have recently made changes to their positions in BBAI. State Street Corp raised its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of BigBear.ai in the fourth quarter worth $325,000. Barclays PLC increased its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new position in BigBear.ai in the fourth quarter valued at about $1,028,000. 7.55% of the stock is owned by 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.