BigBear.ai (NYSE:BBAI) Shares Down 2.9% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 2.9% on Wednesday . The company traded as low as $4.48 and last traded at $4.58. 13,921,860 shares were traded during mid-day trading, a decline of 33% from the average session volume of 20,705,391 shares. The stock had previously closed at $4.71.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. HC Wainwright lowered their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $2.50 to $4.00 in a report on Friday. Finally, Cantor Fitzgerald cut their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday.

BigBear.ai Trading Down 20.3 %

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 firm has a market capitalization of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12. The firm’s 50-day moving average is $5.32 and its 200 day moving average is $3.12.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBAI. Invesco Ltd. grew its holdings in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after buying an additional 1,629 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG raised its position in BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after acquiring an additional 2,427 shares during the period. Wells Fargo & Company MN grew its stake in shares of BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock worth $349,000 after acquiring an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of BigBear.ai by 12.3% during 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 in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.