BigBear.ai (NYSE:BBAI) Trading Down 3.5% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 3.5% during trading on Tuesday . The stock traded as low as $8.50 and last traded at $8.71. 32,075,530 shares changed hands during trading, a decline of 54% from the average session volume of 69,444,023 shares. The stock had previously closed at $9.02.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright boosted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Trading Down 6.4 %

The firm has a market cap of $2.12 billion, a PE ratio of -9.28 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $2.78.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors purchased a new stake in BigBear.ai during the fourth quarter worth $45,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai during the fourth quarter valued at $47,000. Finally, Bay Rivers Group purchased a new position in BigBear.ai in the fourth quarter valued at $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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.