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

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

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Up 1.3 %

The firm has a 50-day moving average price of $5.24 and a 200 day moving average price of $3.03. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -5.70 and a beta of 3.17.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

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