BigBear.ai (NYSE:BBAI) Stock Price Down 7.2% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 7.2% during mid-day trading on Tuesday . The stock traded as low as $4.39 and last traded at $4.42. 15,481,227 shares changed hands during trading, a decline of 26% from the average session volume of 20,785,913 shares. The stock had previously closed at $4.76.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. HC Wainwright upped their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Down 0.5 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -5.20 and a beta of 3.17. The company’s 50-day moving average is $5.27 and its 200-day moving average is $3.08.

Insider Buying and Selling at BigBear.ai

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

Institutional Trading of BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Intech Investment Management LLC bought a new stake in BigBear.ai during the 3rd quarter worth approximately $61,000. State Street Corp increased its stake in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. XTX Topco Ltd grew its stake in shares of BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. Barclays PLC grew its stake in shares of BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 479,401 shares in 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.