BigBear.ai (NYSE:BBAI) Stock Price Down 2.4%

BigBear.ai Holdings, Inc. (NYSE:BBAIGet Free Report) shares traded down 2.4% during mid-day trading on Monday . The company traded as low as $1.98 and last traded at $2.00. 2,917,324 shares changed hands during trading, a decline of 75% from the average session volume of 11,878,517 shares. The stock had previously closed at $2.05.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on BBAI

BigBear.ai Stock Performance

The company has a market capitalization of $477.98 million, a PE ratio of -4.56 and a beta of 3.68. The business has a fifty day moving average price of $2.28 and a 200 day moving average price of $1.88.

BigBear.ai (NYSE:BBAIGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to analysts’ expectations of $42.75 million. BigBear.ai’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.21 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the sale, the director now owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dorothy D. Hayes sold 12,000 shares of BigBear.ai stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $2.43, for a total value of $29,160.00. Following the completion of the transaction, the director now directly owns 209,401 shares in the company, valued at approximately $508,844.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the transaction, the director now owns 159,186,896 shares in the company, valued at approximately $428,212,750.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,838,420 shares of company stock worth $15,635,973. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its holdings in BigBear.ai by 130.4% during the third quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after buying an additional 423,893 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of BigBear.ai by 221.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,000 shares of the company’s stock valued at $51,000 after acquiring an additional 23,425 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in BigBear.ai in the 3rd quarter valued at $48,000. Koshinski Asset Management Inc. purchased a new stake in shares of BigBear.ai during the 3rd quarter worth $91,000. Finally, Vontobel Holding Ltd. acquired a new position in BigBear.ai in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

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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.

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