BigBear.ai (NYSE:BBAI) Trading Down 2.4% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 2.4% on Thursday . The stock traded as low as $5.26 and last traded at $5.55. 18,232,747 shares were traded during trading, a decline of 72% from the average session volume of 65,427,973 shares. The stock had previously closed at $5.69.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Up 1.3 %

The company has a fifty day simple moving average of $5.24 and a two-hundred day simple moving average of $3.03. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.30 billion, a P/E ratio of -5.70 and a beta of 3.17.

Insider Activity

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

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

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.