BigBear.ai (NYSE:BBAI) Stock Price Down 2.4% - Here's What Happened

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

Analyst Ratings Changes

Several analysts recently weighed in on BBAI shares. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, December 30th.

BigBear.ai Trading Up 1.3 %

The stock has a fifty day moving average of $5.24 and a 200-day moving average of $3.06. The company has a market cap of $1.30 billion, a PE ratio of -5.70 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.

Insider Activity

In other news, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AE Industrial Partners LP purchased a new position in shares of BigBear.ai in the 4th quarter valued at $284,721,000. Vanguard Group Inc. grew its stake in BigBear.ai by 0.4% during 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 last quarter. Geode Capital Management LLC increased its position in BigBear.ai by 1.8% during the 4th 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 in the last quarter. State Street Corp raised its stake in 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 last quarter. Finally, TFG Asset Management GP Ltd purchased a new stake in shares of BigBear.ai during the fourth quarter worth about $4,005,000. 7.55% of the stock is currently owned by 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.