BigBear.ai (NYSE:BBAI) Stock Price Down 2.9% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 2.9% during trading on Wednesday . The stock traded as low as $4.48 and last traded at $4.58. 13,921,860 shares were traded during 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 Analyst Weigh In

BBAI has been the topic of a number of research reports. HC Wainwright upped their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 2.9 %

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 business has a 50 day moving average price of $5.29 and a 200-day moving average price of $3.11. The company has a market cap of $1.15 billion, a P/E ratio of -5.02 and a beta of 3.17.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated 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 owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. Barclays PLC raised its stake in BigBear.ai by 310.3% in 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 in the last quarter. Sargent Investment Group LLC bought a new stake in BigBear.ai during the fourth quarter worth about $1,028,000. Finally, Grove Bank & Trust grew its stake in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after buying an additional 100,900 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.