BigBear.ai (NYSE:BBAI) Stock Price Down 7.8% - Here's Why

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

Analyst Ratings Changes

BBAI has been the subject of a number of analyst reports. HC Wainwright lifted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 4.3 %

The business's fifty day simple moving average is $4.91 and its 200 day simple moving average is $2.85. 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 stock has a market cap of $1.90 billion, a price-to-earnings ratio of -8.28 and a beta of 3.17.

Insider Activity

In other news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were 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 of the company's stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new stake in BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc bought a new stake in BigBear.ai in the 4th quarter valued at $47,000. Finally, Bay Rivers Group bought a new stake in BigBear.ai in the 4th quarter valued at $48,000. 7.55% of the stock is owned by institutional investors.

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.