BigBear.ai (NYSE:BBAI) Trading Down 3% – Here’s Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 3% during trading on Friday . The stock traded as low as $4.00 and last traded at $4.0150. Approximately 25,925,707 shares were traded during trading, a decline of 47% from the average daily volume of 48,950,293 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

BBAI has been the subject of several recent research reports. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Cantor Fitzgerald cut 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. HC Wainwright cut their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Down 3.0%

The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.92 billion, a PE ratio of -4.61 and a beta of 3.27. The company’s 50-day moving average is $4.06 and its 200 day moving average is $4.73.

Insider Activity at BigBear.ai

In related news, CFO Sean Raymond Ricker sold 10,000 shares of the company’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 value of $43,300.00. Following the completion of the sale, the chief financial officer owned 609,256 shares in the company, valued at approximately $2,638,078.48. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’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 owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 105,000 shares of company stock worth $424,950. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently made changes to their positions in BBAI. Van ECK Associates Corp acquired a new position in BigBear.ai in the 4th quarter valued at approximately $46,675,000. Vanguard Group Inc. increased its stake in BigBear.ai by 32.6% in the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after buying an additional 6,790,890 shares during the period. UBS Group AG increased its stake in 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 period. Two Sigma Investments LP increased its stake in BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after buying an additional 3,056,597 shares during the period. Finally, Geode Capital Management LLC increased its stake in BigBear.ai by 35.9% in the 4th 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. 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.