BigBear.ai (NYSE:BBAI) Trading Down 9.1% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 9.1% during trading on Tuesday . The stock traded as low as $5.31 and last traded at $5.40. 22,987,571 shares traded hands during trading, a decline of 66% from the average session volume of 66,825,805 shares. The stock had previously closed at $5.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BBAI shares. HC Wainwright increased their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.38 billion, a PE ratio of -6.13 and a beta of 3.17. The stock has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $2.94.

Insider Buying and Selling

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction 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. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter worth $40,000. Simon Quick Advisors LLC purchased a new stake in BigBear.ai in the fourth quarter valued at $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the 4th quarter worth about $45,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai during the 4th quarter valued at about $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $48,000. 7.55% of the stock is owned by hedge funds and other 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.