BigBear.ai (NYSE:BBAI) Stock Price Down 3.8% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 3.8% during trading on Thursday . The stock traded as low as $2.85 and last traded at $3.01. 14,467,909 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 22,569,724 shares. The stock had previously closed at $3.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBAI. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, HC Wainwright decreased their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

BigBear.ai Price Performance

The stock’s fifty day simple moving average is $4.97 and its 200 day simple moving average is $3.37. 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 $822.22 million, a P/E ratio of -3.13 and a beta of 3.34.

Insiders Place Their Bets

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares in the company, valued at $814,205.50. This represents a 13.95 % 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 firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,372 shares of company stock valued at $435,627. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in BigBear.ai in the 3rd quarter valued at about $61,000. State Street Corp increased its position in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. XTX Topco Ltd lifted its position in shares of BigBear.ai by 57.9% during the 3rd 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 last quarter. Barclays PLC grew 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 last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.