BigBear.ai (NYSE:BBAI) Trading Down 7.4% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 7.4% on Friday . The company traded as low as $8.75 and last traded at $9.06. 38,089,132 shares traded hands during trading, a decline of 45% from the average session volume of 69,033,414 shares. The stock had previously closed at $9.78.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of recent analyst reports. HC Wainwright lifted their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 7.8 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a 50-day simple moving average of $4.50 and a 200-day simple moving average of $2.67.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of the business’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 sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the last quarter. Geode Capital Management LLC raised its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 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 valued at $208,000 after buying an additional 107,214 shares during the last quarter. Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $1,028,000. Finally, Grove Bank & Trust raised its position in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares during the last quarter. 7.55% of the stock is 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.