BigBear.ai (NYSE:BBAI) Shares Down 10.6% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 10.6% on Thursday . The stock traded as low as $6.73 and last traded at $7.03. 31,708,253 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 68,979,070 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price target 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.

BigBear.ai Price Performance

The firm has a market capitalization of $1.71 billion, a PE ratio of -7.47 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. The business's 50 day moving average is $4.91 and its two-hundred day moving average is $2.85.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction 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 $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the director now owns 137,838 shares of the company's stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. AE Industrial Partners LP bought a new stake in shares of BigBear.ai during the 4th quarter worth $284,721,000. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after acquiring an additional 23,994 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after buying an additional 38,858 shares during the period. State Street Corp increased its position in shares of BigBear.ai by 16.8% during 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. Finally, TFG Asset Management GP Ltd purchased a new stake in BigBear.ai in the fourth quarter worth about $4,005,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.