BigBear.ai (NYSE:BBAI) Shares Down 1.4%

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 1.4% during trading on Wednesday . The company traded as low as $2.01 and last traded at $2.06. 3,215,645 shares traded hands during trading, a decline of 73% from the average session volume of 11,926,278 shares. The stock had previously closed at $2.09.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.00 target price on shares of BigBear.ai in a report on Monday, March 4th.

BigBear.ai Stock Down 4.7 %

The company’s 50 day moving average is $2.28 and its 200 day moving average is $1.87.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $40.56 million for the quarter, compared to the consensus estimate of $42.75 million. BigBear.ai’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) earnings per share. As a group, analysts forecast that BigBear.ai Holdings, Inc. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total transaction of $75,037.50. Following the transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at approximately $205,815.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BigBear.ai news, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $2.43, for a total transaction of $29,160.00. Following the transaction, the director now directly owns 209,401 shares in the company, valued at approximately $508,844.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 36,250 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total transaction of $75,037.50. Following the completion of the sale, the chief accounting officer now owns 99,428 shares in the company, valued at $205,815.96. The disclosure for this sale can be found here. Insiders have sold 5,838,420 shares of company stock valued at $15,635,973 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors have recently modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of BigBear.ai by 130.4% in the 3rd quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock valued at $1,131,000 after buying an additional 423,893 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in BigBear.ai by 221.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,000 shares of the company’s stock worth $51,000 after purchasing an additional 23,425 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in BigBear.ai in the 3rd quarter worth approximately $48,000. Koshinski Asset Management Inc. acquired a new stake in BigBear.ai in the 3rd quarter worth approximately $91,000. Finally, Vontobel Holding Ltd. acquired a new stake in BigBear.ai in the 3rd quarter worth approximately $54,000. 7.55% of the stock is currently 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.