BigBear.ai (NYSE:BBAI) Trading Down 6.7% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 6.7% on Friday . The company traded as low as $2.70 and last traded at $2.84. Approximately 21,596,909 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 22,765,053 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald cut their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities downgraded 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, HC Wainwright reduced their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The stock’s 50-day moving average price is $5.00 and its 200-day moving average price is $3.36. The company has a market capitalization of $822.22 million, a price-to-earnings ratio of -3.13 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insiders Place Their Bets

In other news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, 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. Over the last ninety days, insiders have sold 104,372 shares of company stock worth $435,627. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai in the third quarter valued at $61,000. State Street Corp lifted its holdings in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares in the last quarter. XTX Topco Ltd lifted its holdings in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares in the last quarter. Barclays PLC raised its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after buying an additional 479,401 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.