BigBear.ai (NYSE:BBAI) Trading Down 2.4% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 2.4% on Thursday . The company traded as low as $5.26 and last traded at $5.55. Approximately 18,232,747 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 65,427,973 shares. The stock had previously closed at $5.69.

Wall Street Analyst Weigh In

BBAI has been the subject of several research analyst reports. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 0.5 %

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 company has a market cap of $1.19 billion, a price-to-earnings ratio of -5.20 and a beta of 3.17. The business has a 50 day simple moving average of $5.29 and a 200 day simple moving average of $3.11.

Insider Activity

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated 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 owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 over the last 90 days. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. acquired a new position in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the 4th quarter worth $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the 4th quarter worth $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai during the 4th quarter worth $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.