BigBear.ai (NYSE:BBAI) Shares Down 7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 7% during trading on Wednesday . The stock traded as low as $7.71 and last traded at $7.83. 27,920,963 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 68,943,711 shares. The stock had previously closed at $8.42.

Analyst Ratings Changes

Several research analysts recently weighed in on BBAI shares. Cantor Fitzgerald reissued 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 increased 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 Stock Performance

The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -8.82 and a beta of 3.17. The firm has a 50-day simple moving average of $4.72 and a two-hundred day simple moving average of $2.78. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insiders Place Their Bets

In other news, Director Sean Bernard Battle sold 44,813 shares of the company’s 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 sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares during the period. Victory Capital Management Inc. lifted its position in shares of BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG boosted its stake in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after purchasing an additional 2,427 shares during the period. Wells Fargo & Company MN boosted its stake in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after purchasing an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after buying an additional 5,591 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

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.