BigBear.ai (NYSE:BBAI) Shares Down 2.8% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 2.8% on Friday . The stock traded as low as $2.94 and last traded at $2.98. 8,714,686 shares traded hands during trading, a decline of 61% from the average session volume of 22,125,322 shares. The stock had previously closed at $3.06.

Analyst Upgrades and Downgrades

BBAI has been the subject of several recent analyst reports. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright cut their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company 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. Finally, Cantor Fitzgerald cut their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

BigBear.ai Price Performance

The company’s 50-day simple moving average is $5.11 and its 200-day simple moving average is $3.31. 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 stock has a market capitalization of $861.15 million, a price-to-earnings ratio of -3.32 and a beta of 3.12.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This trade 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 BigBear.ai stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,119 shares of company stock valued at $629,502. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in BBAI. Wealth Enhancement Advisory Services LLC acquired a new position in BigBear.ai in the 4th quarter valued at $89,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai during the fourth quarter worth about $4,005,000. Soviero Asset Management LP acquired a new stake in BigBear.ai during the fourth quarter worth about $3,248,000. Two Sigma Investments LP acquired a new position in shares of BigBear.ai in the 4th quarter valued at approximately $70,000. Finally, ProShare Advisors LLC lifted its holdings in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after acquiring an additional 9,879 shares during the period. Institutional investors and hedge funds 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.