BigBear.ai (NYSE:BBAI) Trading Down 5.7% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 5.7% during mid-day trading on Monday . The company traded as low as $2.36 and last traded at $2.39. 9,973,755 shares changed hands during trading, a decline of 82% from the average session volume of 55,246,191 shares. The stock had previously closed at $2.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald cut their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $3.48. The firm has a market cap of $687.84 million, a price-to-earnings ratio of -2.62 and a beta of 3.34. 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 Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the stock. City State Bank acquired a new stake in shares of BigBear.ai in the first quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai during the first quarter worth $29,000. Opal Wealth Advisors LLC acquired a new stake in shares of BigBear.ai during the 1st quarter worth about $34,000. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Finally, Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai during the fourth quarter worth $44,000. Institutional investors and hedge funds 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.