BigBear.ai (NYSE:BBAI) Trading Down 0.9% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 0.9% during trading on Tuesday . The stock traded as low as $3.62 and last traded at $3.51. Approximately 28,048,435 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 21,814,539 shares. The stock had previously closed at $3.54.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Down 1.3 %

The firm has a market cap of $995.60 million, a price-to-earnings ratio of -3.86 and a beta of 3.12. The business has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $3.29. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following 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 ownership of the stock. 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. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BBAI. AE Industrial Partners LP purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $284,721,000. TFG Asset Management GP Ltd acquired a new position in BigBear.ai during the fourth quarter worth $4,005,000. Soviero Asset Management LP purchased a new stake in BigBear.ai in the 4th quarter valued at $3,248,000. Geode Capital Management LLC increased its stake 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 acquiring an additional 479,401 shares during the last quarter. Finally, State Street Corp increased its stake 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 acquiring an additional 267,673 shares during the last quarter. 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.