BigBear.ai (NYSE:BBAI) Trading Down 2.9% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 2.9% during trading on Friday . The company traded as low as $7.15 and last traded at $7.30. Approximately 16,388,177 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 68,138,852 shares. The stock had previously closed at $7.51.

Wall Street Analyst Weigh In

BBAI has been the subject of a number of research reports. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright raised 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 Up 1.5 %

The business's 50 day simple moving average is $5.10 and its 200 day simple moving average is $2.97. The company has a market capitalization of $1.43 billion, a PE ratio of -6.25 and a beta of 3.17. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company'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 transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC bought a new stake in BigBear.ai in the 3rd quarter valued at $61,000. State Street Corp lifted its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares during the period. XTX Topco Ltd grew its position in BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after buying an additional 22,363 shares in the last quarter. Barclays PLC increased its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares during the period. Finally, Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Company Profile

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.