BigBear.ai (NYSE:BBAI) Stock Price Down 7% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 7% during mid-day trading on Wednesday . The stock traded as low as $7.71 and last traded at $7.83. 27,920,963 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 68,943,711 shares. The stock had previously closed at $8.42.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BBAI. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Trading Down 9.5 %

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 stock has a market capitalization of $1.71 billion, a PE ratio of -7.47 and a beta of 3.17. The stock has a 50-day moving average price of $4.91 and a two-hundred day moving average price of $2.85.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction 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 trade represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP bought a new stake in BigBear.ai during the 4th quarter valued at approximately $284,721,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai during the 4th quarter valued at approximately $4,005,000. Soviero Asset Management LP bought a new stake in BigBear.ai during the 4th quarter valued at approximately $3,248,000. Geode Capital Management LLC increased its stake in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. Finally, State Street Corp increased its stake in BigBear.ai by 16.8% in 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. 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.