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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 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 mid-day 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 Analysts Forecast Growth

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

BigBear.ai Price Performance

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 stock has a market capitalization of $2.12 billion, a PE ratio of -9.28 and a beta of 3.17. The stock’s 50 day moving average is $4.72 and its two-hundred day moving average is $2.78.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % 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. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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