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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 3.5% 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 Analyst Weigh In

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

BigBear.ai Trading Down 4.3 %

The company has a market cap of $1.90 billion, a P/E ratio of -8.28 and a beta of 3.17. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm’s 50 day moving average is $4.91 and its two-hundred day moving average is $2.85.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now directly 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. In the last quarter, insiders have sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently added to or reduced their stakes in the business. AE Industrial Partners LP acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $284,721,000. TFG Asset Management GP Ltd acquired a new stake in BigBear.ai in the 4th quarter valued at $4,005,000. Soviero Asset Management LP bought a new stake in BigBear.ai during the 4th quarter valued at $3,248,000. Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. 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.