BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 1.3% during trading on Thursday . The stock traded as low as $9.31 and last traded at $9.62. Approximately 63,531,285 shares were traded during trading, a decline of 7% from the average daily volume of 67,954,844 shares. The stock had previously closed at $9.74.
Analyst Upgrades and Downgrades
BBAI has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.
Get Our Latest Report on BigBear.ai
BigBear.ai Stock Performance
The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a fifty day simple moving average of $4.50 and a 200-day simple moving average of $2.67.
Insider Activity
In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
Institutional Trading of BigBear.ai
A number of hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the fourth quarter worth $40,000. Simon Quick Advisors LLC purchased a new stake in BigBear.ai in the fourth quarter worth $44,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai in the fourth quarter worth $47,000. Bay Rivers Group purchased a new stake in BigBear.ai in the fourth quarter worth $48,000. Finally, Jones Financial Companies Lllp increased its position in BigBear.ai by 4,202.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after buying an additional 12,607 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.
BigBear.ai Company Profile
(
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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.
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