BigBear.ai (NYSE:BBAI) Stock Price Down 7.8% Following Insider Selling

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 7.8% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $3.23 and last traded at $3.24. Approximately 13,960,282 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 21,984,977 shares. The stock had previously closed at $3.51.

Specifically, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BBAI. Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. HC Wainwright lowered their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The firm has a 50 day moving average price of $5.11 and a 200 day moving average price of $3.31. The stock has a market cap of $856.30 million, a PE ratio of -3.31 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently modified their holdings of BBAI. Cape Investment Advisory Inc. purchased a new position in BigBear.ai during the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the 4th quarter worth $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai during the 4th quarter worth $47,000. Finally, Bay Rivers Group bought a new stake in BigBear.ai during the fourth quarter valued at about $48,000. Institutional investors own 7.55% of the company’s stock.

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.