BigBear.ai (NYSE:BBAI) Trading Down 7.8% – Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 7.8% during mid-day trading on Wednesday . The company traded as low as $3.23 and last traded at $3.24. 13,960,282 shares changed hands during trading, a decline of 37% from the average session volume of 21,984,977 shares. The stock had previously closed at $3.51.

Wall Street Analyst Weigh In

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

BigBear.ai Price Performance

The stock’s 50-day moving average price is $5.14 and its 200 day moving average price is $3.31. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $907.30 million, a price-to-earnings ratio of -3.50 and a beta of 3.12.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the 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 completion of 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. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director now owns 137,838 shares of the company’s stock, 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 ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in BBAI. AE Industrial Partners LP acquired a new position in BigBear.ai in the fourth quarter valued at about $284,721,000. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after acquiring an additional 23,994 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after acquiring an additional 38,858 shares in the last quarter. State Street Corp grew its position in 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 acquiring an additional 267,673 shares during the last quarter. Finally, TFG Asset Management GP Ltd acquired a new stake in BigBear.ai during the 4th quarter valued at $4,005,000. 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.