BigBear.ai (NYSE:BBAI) Shares Down 9.6% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 9.6% during trading on Monday . The company 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 Upgrades and Downgrades

A number of brokerages have commented on BBAI. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased their price objective 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 Price Performance

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 stock's 50-day moving average is $5.24 and its 200 day moving average is $3.03. The stock has a market capitalization of $1.30 billion, a PE ratio of -5.70 and a beta of 3.17.

Insider Activity at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the 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 sale, the director now owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction 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. This 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 valued at $1,347,496 in the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai during the 4th quarter worth $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter worth $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the 4th quarter worth $45,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai during the 4th quarter worth $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the 4th quarter worth $48,000. Institutional investors and hedge funds 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.