BigBear.ai (NYSE:BBAI) Shares Down 7.8% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 7.8% on Thursday . The company traded as low as $4.26 and last traded at $4.43. Approximately 18,271,146 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 20,745,740 shares. The stock had previously closed at $4.80.

Wall Street Analyst Weigh In

BBAI has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $2.50 to $4.00 in a research note on Friday. Finally, HC Wainwright lowered their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday.

BigBear.ai Trading Down 20.3 %

The business has a 50 day moving average of $5.31 and a 200-day moving average of $3.13. 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 firm has a market capitalization of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12.

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. 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 firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the fourth quarter valued at $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the fourth quarter valued at $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the fourth quarter valued at $47,000. Finally, Bay Rivers Group acquired a new stake in BigBear.ai during the 4th quarter valued at $48,000. 7.55% of the stock is 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.