BigBear.ai (NYSE:BBAI) Shares Down 7.8% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were down 7.8% during trading on Monday . The company traded as low as $8.56 and last traded at $9.02. Approximately 83,917,614 shares traded hands during trading, an increase of 67% from the average daily volume of 50,240,612 shares. The stock had previously closed at $9.78.

Analysts Set New Price Targets

A number of research firms recently weighed in on BBAI. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price objective 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 Performance

The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -8.28 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $2.85.

Insider Buying and Selling at BigBear.ai

In related news, 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 transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new position in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the fourth quarter worth $44,000. Captrust Financial Advisors acquired a new position in BigBear.ai during the fourth quarter worth $45,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group acquired a new stake in BigBear.ai in the fourth quarter valued at $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.