BigBear.ai (NYSE:BBAI) Trading Down 7.8% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 7.8% on Thursday . The stock traded as low as $4.26 and last traded at $4.43. Approximately 18,271,146 shares changed hands during trading, a decline of 12% from the average daily volume of 20,745,740 shares. The stock had previously closed at $4.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright boosted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Down 12.4 %

The business’s 50-day moving average is $5.29 and its 200-day moving average is $3.11. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.57 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.

Insider Buying and Selling

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were 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 owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. lifted its stake in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after buying an additional 2,332 shares in the last quarter. Deutsche Bank AG boosted its holdings in BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after buying an additional 2,427 shares during the last quarter. Wells Fargo & Company MN increased its stake in 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 buying an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after acquiring an additional 5,591 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.