BigBear.ai (NYSE:BBAI) Trading Down 10.6% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 10.6% on Thursday . The stock traded as low as $6.73 and last traded at $7.03. Approximately 31,708,253 shares traded hands during trading, a decline of 54% from the average daily volume of 68,979,070 shares. The stock had previously closed at $7.87.

Wall Street Analysts Forecast Growth

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

BigBear.ai Price Performance

The company has a fifty day moving average of $5.00 and a 200 day moving average of $2.89. The firm has a market capitalization of $1.71 billion, a P/E ratio of -7.47 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred 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 directly owns 137,838 shares in the company, 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. Over the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

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

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.