BigBear.ai (NYSE:BBAI) Trading Down 3.2% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 3.2% during trading on Thursday . The stock traded as low as $3.12 and last traded at $3.17. Approximately 10,936,447 shares traded hands during trading, a decline of 49% from the average daily volume of 21,344,349 shares. The stock had previously closed at $3.27.

Analyst Ratings Changes

A number of analysts recently commented on BBAI shares. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Cantor Fitzgerald dropped their price objective 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. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, HC Wainwright lowered their price target on 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 company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $3.19. The company has a market capitalization of $912.99 million, a PE ratio of -3.53 and a beta of 3.12.

Insiders Place Their Bets

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction 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 completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings 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. Geode Capital Management LLC grew its position in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in BigBear.ai during the fourth quarter worth about $325,000. Barclays PLC raised its position in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Finally, Sargent Investment Group LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $1,028,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.