BigBear.ai (NYSE:BBAI) Stock Price Down 1.5% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 1.5% during mid-day trading on Friday . The stock traded as low as $2.85 and last traded at $2.96. 8,213,874 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 21,558,943 shares. The stock had previously closed at $3.00.

Analysts Set New Price Targets

BBAI has been the subject of a number of research analyst reports. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and increased their target price for the company from $2.50 to $4.00 in a report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. HC Wainwright dropped 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. Finally, Cantor Fitzgerald decreased their price target 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.

BigBear.ai Trading Down 1.8 %

The company has a market capitalization of $838.93 million, a PE ratio of -3.24 and a beta of 3.12. The company has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $3.24. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity at BigBear.ai

In related news, 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 completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai 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 sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of BigBear.ai during the fourth quarter worth $89,000. TFG Asset Management GP Ltd acquired a new stake in shares of BigBear.ai in the fourth quarter valued at $4,005,000. Soviero Asset Management LP purchased a new position in shares of BigBear.ai in the 4th quarter valued at about $3,248,000. Two Sigma Investments LP acquired a new position in BigBear.ai during the 4th quarter worth approximately $70,000. Finally, ProShare Advisors LLC lifted its position in shares of 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. 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.