BigBear.ai (NYSE:BBAI) Shares Down 1.8% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 1.8% during mid-day trading on Monday . The stock traded as low as $3.50 and last traded at $3.47. 44,125,620 shares were traded during mid-day trading, an increase of 71% from the average session volume of 25,791,454 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent analyst reports. HC Wainwright reduced their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald reduced their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Trading Down 2.4 %

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 stock has a market cap of $995.63 million, a PE ratio of -3.79 and a beta of 3.34. The stock has a 50-day moving average of $3.63 and a 200 day moving average of $3.53.

Insider Activity

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction 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 sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. Kieckhefer Group LLC acquired a new stake in shares of BigBear.ai during the first quarter valued at about $640,000. McGuire Investment Group LLC purchased a new position in shares of BigBear.ai during the first quarter worth $131,000. PFG Investments LLC acquired a new stake in shares of BigBear.ai in the first quarter valued at $43,000. DecisionMap Wealth Management LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at $51,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in BigBear.ai during the first quarter worth about $248,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.