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

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BBAI shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted 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 Trading Down 5.2 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a 50-day moving average price of $5.06 and a two-hundred day moving average price of $2.94. The stock has a market cap of $1.42 billion, a PE ratio of -6.19 and a beta of 3.17.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the 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 owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last quarter. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently modified their holdings of the stock. AE Industrial Partners LP bought a new stake in BigBear.ai in the fourth quarter worth $284,721,000. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 0.4% in 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 period. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 38,858 shares during the last quarter. State Street Corp boosted its stake in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. Finally, TFG Asset Management GP Ltd bought a new position in BigBear.ai during the 4th quarter valued at about $4,005,000. 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.