BigBear.ai (NYSE:BBAI) Trading Down 6.7% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 6.7% on Friday . The stock traded as low as $2.70 and last traded at $2.84. Approximately 21,596,909 shares were traded during trading, a decline of 5% from the average daily volume of 22,765,053 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Down 6.4 %

The stock has a fifty day moving average price of $5.00 and a 200-day moving average price of $3.36. The firm has a market cap of $822.22 million, a PE ratio of -3.13 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale 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 that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,372 shares of company stock valued at $435,627 over the last ninety days. Corporate 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 the company. Wealth Enhancement Advisory Services LLC acquired a new position in BigBear.ai in the 4th quarter worth $89,000. TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai in the fourth quarter worth about $4,005,000. Soviero Asset Management LP purchased a new position in BigBear.ai in the fourth quarter valued at about $3,248,000. Two Sigma Investments LP acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $70,000. Finally, ProShare Advisors LLC increased its holdings in 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 purchasing an additional 9,879 shares during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.