BigBear.ai (NYSE:BBAI) Trading Down 1% – What’s Next?
by Michael Walen · The Markets DailyBigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price traded down 1% during trading on Wednesday . The stock traded as low as $3.61 and last traded at $3.6330. Approximately 22,803,349 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 47,238,410 shares. The stock had previously closed at $3.67.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on BBAI shares. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average target price of $5.50.
Read Our Latest Research Report on BBAI
BigBear.ai Stock Performance
The company has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $4.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08. The company has a market capitalization of $1.69 billion, a P/E ratio of -4.06 and a beta of 3.32.
Insider Activity at BigBear.ai
In other news, CFO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total transaction of $43,300.00. Following the completion of the transaction, the chief financial officer owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the transaction, the director owned 204,150 shares in the company, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.
Institutional Trading of BigBear.ai
Several institutional investors have recently modified their holdings of BBAI. Vanguard Group Inc. raised its position in BigBear.ai by 18.4% during the 4th quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after purchasing an additional 5,090,508 shares during the last quarter. UBS Group AG grew its position in shares of BigBear.ai by 145.7% in the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after buying an additional 6,158,665 shares during the last quarter. State Street Corp grew its position in shares of BigBear.ai by 33.6% in the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after buying an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 35.9% in the fourth quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after buying an additional 2,706,195 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $46,675,000. Institutional investors own 7.55% of the company’s stock.
BigBear.ai Company Profile
BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.
The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.