BigBear.ai (NYSE:BBAI) Trading Down 0.7% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 0.7% during trading on Tuesday . The stock traded as low as $2.93 and last traded at $3.12. 19,414,458 shares traded hands during trading, a decline of 8% from the average session volume of 21,165,348 shares. The stock had previously closed at $3.14.

Analyst Ratings Changes

Several equities analysts recently issued reports on BBAI shares. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and upped their target price for the company from $2.50 to $4.00 in a research report on Friday. HC Wainwright cut their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday. Finally, Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday.

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $905.02 million, a PE ratio of -3.49 and a beta of 3.12. The stock has a 50 day simple moving average of $5.26 and a two-hundred day simple moving average of $3.17.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, 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 value of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in BBAI. State Street Corp raised its position in shares of BigBear.ai by 16.8% during the 3rd 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 last quarter. Geode Capital Management LLC raised its holdings in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Barclays PLC lifted its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter worth approximately $325,000. Finally, Sargent Investment Group LLC purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $1,028,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.