BigBear.ai (NYSE:BBAI) Shares Down 7.8% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 7.8% on Monday . The stock traded as low as $8.56 and last traded at $9.02. 83,917,614 shares traded hands during trading, an increase of 67% from the average session volume of 50,240,612 shares. The stock had previously closed at $9.78.

Analyst Ratings Changes

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

BigBear.ai Stock Performance

The company has a market cap of $2.27 billion, a P/E ratio of -9.91 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 stock’s 50-day moving average price is $4.50 and its 200 day moving average price is $2.68.

Insider Buying and Selling

In related news, CEO Amanda Long sold 200,000 shares of the business’s 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 transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. 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 company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after buying an additional 2,427 shares in the last quarter. Bulltick Wealth Management LLC acquired a new stake in BigBear.ai during the fourth quarter worth $868,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the fourth quarter worth $45,000. BNP Paribas Financial Markets acquired a new stake in BigBear.ai during the fourth quarter worth $57,000. Finally, Ameriprise Financial Inc. acquired a new stake in BigBear.ai during the fourth quarter worth $81,000. 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.