BigBear.ai (NYSE:BBAI) Trading Down 1.6% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 1.6% during trading on Wednesday . The stock traded as low as $3.88 and last traded at $3.8950. Approximately 22,654,792 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 48,387,504 shares. The stock had previously closed at $3.96.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BBAI shares. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Cantor Fitzgerald decreased their target price on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, HC Wainwright decreased their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Down 1.6%

The company has a 50 day moving average of $4.08 and a 200-day moving average of $4.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.08 and a current ratio of 6.08. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -4.48 and a beta of 3.27.

Insider Activity

In related news, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Raymond Ricker sold 10,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $43,300.00. Following the sale, the chief financial officer owned 609,256 shares in the company, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently bought and sold shares of BBAI. Root Financial Partners LLC increased its holdings in BigBear.ai by 617.5% during the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after purchasing an additional 4,631 shares during the period. PNC Financial Services Group Inc. grew its holdings in BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,392 shares in the last quarter. HM Payson & Co. grew its holdings in BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after acquiring an additional 6,169 shares in the last quarter. Hollencrest Capital Management acquired a new position in BigBear.ai during the 1st quarter worth approximately $41,000. Finally, Krilogy Financial LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

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.