BigBear.ai (NYSE:BBAI) Shares Down 7.4% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 7.4% during trading on Friday . The stock traded as low as $8.75 and last traded at $9.06. Approximately 38,089,132 shares traded hands during trading, a decline of 45% from the average daily volume of 69,033,414 shares. The stock had previously closed at $9.78.

Analyst Upgrades and Downgrades

BBAI has been the topic of several recent analyst reports. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a 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 note on Wednesday, November 6th.

BigBear.ai Stock Down 8.7 %

The stock’s fifty day moving average is $4.39 and its 200 day moving average is $2.61. The company has a market capitalization of $2.25 billion, a P/E ratio of -9.80 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 over the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Barclays PLC lifted its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Sargent Investment Group LLC bought a new position in BigBear.ai during the fourth quarter valued at approximately $1,028,000. Finally, Grove Bank & Trust boosted its holdings in BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after purchasing an additional 100,900 shares during the last quarter. 7.55% of the stock is 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.