BigBear.ai (NYSE:BBAI) Trading Down 10.6% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 10.6% on Thursday . The company traded as low as $6.73 and last traded at $7.03. 31,708,253 shares were traded during mid-day trading, a decline of 54% from the average session volume of 68,979,070 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BBAI shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright upped their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Down 10.4 %

The stock’s fifty day moving average is $4.82 and its 200 day moving average is $2.81. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.77 billion, a P/E ratio of -7.74 and a beta of 3.17.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

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

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.