BigBear.ai (NYSE:BBAI) Trading Down 1.2% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 1.2% during trading on Thursday . The stock traded as low as $2.98 and last traded at $3.07. Approximately 7,442,073 shares were traded during trading, a decline of 65% from the average daily volume of 21,525,498 shares. The stock had previously closed at $3.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. HC Wainwright cut their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Cantor Fitzgerald dropped their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Northland Securities lowered 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 note on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Price Performance

The company has a market cap of $847.47 million, a P/E ratio of -3.29 and a beta of 3.12. The company’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $3.24. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

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 stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai 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 sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % 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 valued at $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BBAI. AE Industrial Partners LP bought a new position in BigBear.ai during the 4th quarter worth approximately $284,721,000. TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai in the 4th quarter valued at $4,005,000. Soviero Asset Management LP bought a new stake in shares of BigBear.ai in the 4th quarter valued at $3,248,000. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the period. Finally, State Street Corp lifted its holdings in 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 acquiring an additional 267,673 shares in the last quarter. 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.