BigBear.ai (NYSE:BBAI) Shares Down 1.3% – Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 1.3% during trading on Thursday . The company traded as low as $9.31 and last traded at $9.62. Approximately 63,531,285 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 67,954,844 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

A number of analysts have commented on BBAI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Trading Down 2.0 %

The business’s 50 day moving average price is $4.25 and its 200-day moving average price is $2.56. 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 company has a market cap of $2.40 billion, a price-to-earnings ratio of -10.45 and a beta of 3.17.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % 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 the firm’s 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 transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents 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 sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of BigBear.ai by 8.3% in the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. lifted its stake in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after purchasing an additional 2,332 shares during the last quarter. Wells Fargo & Company MN lifted its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after purchasing an additional 3,797 shares during the last quarter. JPMorgan Chase & Co. boosted its position in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after buying an additional 5,591 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after buying an additional 8,879 shares during the last quarter. 7.55% of the stock is owned by 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.