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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 1.6% during trading on Tuesday . The company traded as low as $3.76 and last traded at $3.77. 25,911,085 shares were traded during mid-day trading, a decline of 46% from the average session volume of 47,936,297 shares. The stock had previously closed at $3.83.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several research reports. HC Wainwright decreased their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Finally, Cantor Fitzgerald decreased their target price on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company 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 given a Sell rating to the stock. Based on data from MarketBeat, BigBear.ai has a consensus rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Stock Performance

The company has a market cap of $1.63 billion, a P/E ratio of -3.90 and a beta of 3.27. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $4.59.

Insider Activity

In related news, Director Dorothy D. Hayes sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the sale, the director directly owned 204,150 shares in the company, valued at approximately $839,056.50. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 609,256 shares of the company’s stock, valued at $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of BigBear.ai by 26.4% in the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after purchasing an additional 5,579 shares in the last quarter. AQR Capital Management LLC purchased a new position in BigBear.ai during the first quarter valued at $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BigBear.ai by 54.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock valued at $1,306,000 after purchasing an additional 160,096 shares during the period. NewEdge Advisors LLC grew its holdings in BigBear.ai by 441.1% during the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock valued at $213,000 after purchasing an additional 60,583 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after buying an additional 1,990,822 shares in the last quarter. 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.