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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 7.8% on Monday . The stock traded as low as $8.56 and last traded at $9.02. Approximately 83,917,614 shares changed hands during trading, an increase of 67% from the average daily volume of 50,240,612 shares. The stock had previously closed at $9.78.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BBAI shares. HC Wainwright raised 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. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

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 company’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $2.68. The company has a market cap of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $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 available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 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 sold a total of 310,953 shares of company stock worth $1,347,496 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Several institutional investors have recently made changes to their positions in BBAI. The Manufacturers Life Insurance Company boosted its holdings in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth approximately $61,000. State Street Corp boosted its holdings in shares of BigBear.ai by 16.8% during the third 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. XTX Topco Ltd boosted its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the period. Finally, Barclays PLC boosted its holdings in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the period. 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.