BigBear.ai (NYSE:BBAI) Stock Price Down 2.9% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 2.9% during trading on Friday . The company traded as low as $7.15 and last traded at $7.30. 16,388,177 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 68,138,852 shares. The stock had previously closed at $7.51.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BBAI. Cantor Fitzgerald reaffirmed 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 boosted their target price 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 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 business has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $2.90. The stock has a market capitalization of $1.71 billion, a P/E ratio of -7.47 and a beta of 3.17.

Insiders Place Their Bets

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

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the fourth quarter valued at approximately $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai in the fourth quarter valued at approximately $45,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai in the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group purchased a new position in BigBear.ai in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.