BigBear.ai (NYSE:BBAI) Shares Down 9.6% – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 9.6% on Monday . The company traded as low as $5.93 and last traded at $6.14. Approximately 22,731,574 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 67,541,367 shares. The stock had previously closed at $6.79.

Wall Street Analyst Weigh In

BBAI has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their target price on 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 Price Performance

The company has a market capitalization of $1.43 billion, a P/E ratio of -6.25 and a beta of 3.17. The business’s 50-day moving average is $5.10 and its two-hundred day moving average is $2.97. 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 at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. 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 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $44,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors 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.