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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares dropped 3.2% during mid-day trading on Thursday . The company traded as low as $3.12 and last traded at $3.17. Approximately 10,936,447 shares were traded 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

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the company from $2.50 to $4.00 in a report on Friday, March 7th. 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 report on Friday, March 7th. Finally, Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Price Performance

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 $1.00 billion, a P/E ratio of -3.86 and a beta of 3.12. The firm has a 50-day moving average price of $5.17 and a 200 day moving average price of $3.20.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the firm’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 transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’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 transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of BBAI. Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the 3rd quarter worth approximately $61,000. State Street Corp grew its position 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 worth $2,723,000 after buying an additional 267,673 shares during the last quarter. XTX Topco Ltd grew its position in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares during the last quarter. Barclays PLC grew its position in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 479,401 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.