BigBear.ai (NYSE:BBAI) Stock Price Down 2.9% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 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 traded hands during trading, a decline of 76% from the average daily volume of 68,138,852 shares. The stock had previously closed at $7.51.

Analysts Set New Price Targets

Several research 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 boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.

BigBear.ai Trading Down 12.3 %

The firm has a market capitalization of $1.50 billion, a PE ratio of -6.54 and a beta of 3.17. The firm's fifty day moving average is $5.06 and its two-hundred day moving average is $2.94. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Buying and Selling

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business's 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $4,005,000. Soviero Asset Management LP bought a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $3,248,000. Two Sigma Investments LP bought a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $70,000. ProShare Advisors LLC raised its position in shares of BigBear.ai by 51.5% in the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock valued at $129,000 after purchasing an additional 9,879 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BigBear.ai by 21.0% in the fourth 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 period. 7.55% of the stock is currently owned by hedge funds and other 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.