BigBear.ai (NYSE:BBAI) Trading Down 2.9% – Here’s Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 2.9% during mid-day trading on Friday . The company traded as low as $7.15 and last traded at $7.30. Approximately 16,388,177 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 68,138,852 shares. The stock had previously closed at $7.51.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BBAI shares. HC Wainwright increased their target price 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Down 9.3 %

The firm has a market cap of $1.71 billion, a P/E ratio of -7.54 and a beta of 3.17. The business’s fifty day moving average price is $4.91 and its two-hundred day moving average price is $2.85. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’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 completion of the transaction, the director now owns 137,838 shares in the company, 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. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Soviero Asset Management LP acquired a new stake in BigBear.ai in the 4th quarter worth $3,248,000. Two Sigma Investments LP acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $70,000. TFG Asset Management GP Ltd acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $4,005,000. ProShare Advisors LLC boosted its position in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock valued at $129,000 after acquiring an additional 9,879 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BigBear.ai by 21.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company’s stock valued at $1,320,000 after purchasing an additional 51,377 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.