BigBear.ai (NYSE:BBAI) Trading Down 9.6% - Here's What Happened

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright upped their target price on shares of 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 Trading Down 6.1 %

The stock has a fifty day moving average price of $5.16 and a 200 day moving average price of $2.99. The stock has a market cap of $1.34 billion, a PE ratio of -5.87 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.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the firm'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 transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company's stock, 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 the 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 completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. 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 quarter. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. TFG Asset Management GP Ltd purchased a new position in BigBear.ai during the fourth quarter valued at approximately $4,005,000. Soviero Asset Management LP bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $3,248,000. Two Sigma Investments LP purchased a new position in shares of BigBear.ai in the 4th quarter worth approximately $70,000. ProShare Advisors LLC raised its stake in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock worth $129,000 after acquiring an additional 9,879 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $1,320,000 after acquiring an additional 51,377 shares during the last quarter. 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.