BigBear.ai (NYSE:BBAI) Stock Price Down 7.2% – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 7.2% during trading on Tuesday . The stock traded as low as $4.39 and last traded at $4.42. Approximately 15,481,227 shares changed hands during trading, a decline of 26% from the average daily volume of 20,785,913 shares. The stock had previously closed at $4.76.

Analysts Set New Price Targets

A number of analysts have issued reports on BBAI shares. HC Wainwright lifted their target price on shares of 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 issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The stock’s 50 day moving average price is $5.27 and its two-hundred day moving average price is $3.08. 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 firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -5.20 and a beta of 3.17.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’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 sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $48,000. Institutional investors own 7.55% of the company’s stock.

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.