BigBear.ai (NYSE:BBAI) Shares Down 3.2% - Here's What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares fell 3.2% on Tuesday . The company traded as low as $8.37 and last traded at $8.44. 64,080,898 shares were traded during mid-day trading, an increase of 2% from the average session volume of 62,724,164 shares. The stock had previously closed at $8.72.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BBAI. HC Wainwright boosted their price objective 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 restated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 7.8 %

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's fifty day moving average price is $4.39 and its two-hundred day moving average price is $2.61. The stock has a market capitalization of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17.

Insider Buying and Selling

In other BigBear.ai news, 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 transaction, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after buying an additional 23,994 shares during the period. Geode Capital Management LLC grew its position in shares of BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after buying an additional 38,858 shares during the period. State Street Corp grew its position in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after buying an additional 267,673 shares during the period. Northern Trust Corp grew its position in shares of BigBear.ai by 10.5% in the 4th quarter. Northern Trust Corp now owns 839,503 shares of the company's stock worth $3,736,000 after buying an additional 79,593 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares during the period. 7.55% of the stock is owned by hedge funds and other 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.