BigBear.ai (NYSE:BBAI) Stock Price Down 21% Following Analyst Downgrade

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 21% during trading on Friday after Northland Securities downgraded the stock from an outperform rating to a market perform rating. Northland Securities now has a $4.00 price target on the stock, up from their previous price target of $2.50. BigBear.ai traded as low as $3.13 and last traded at $3.32. Approximately 41,176,952 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 20,966,953 shares. The stock had previously closed at $4.20.

Separately, HC Wainwright reduced their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on 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 sale, the director now 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. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of institutional investors have recently bought and sold shares of the business. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the fourth quarter valued at about $4,005,000. Soviero Asset Management LP acquired a new stake in BigBear.ai in the 4th quarter worth about $3,248,000. Two Sigma Investments LP bought a new position in BigBear.ai during the 4th quarter worth $70,000. ProShare Advisors LLC boosted its position in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after acquiring an additional 9,879 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BigBear.ai by 21.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company’s stock valued at $1,320,000 after buying an additional 51,377 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Stock Performance

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 firm has a market capitalization of $941.48 million, a price-to-earnings ratio of -3.65 and a beta of 3.12. The stock’s 50-day moving average is $5.32 and its 200-day moving average is $3.12.

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.