BigBear.ai (NYSE:BBAI) Shares Down 1.3% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 1.3% during trading on Thursday . The stock traded as low as $9.31 and last traded at $9.62. 63,531,285 shares traded hands during trading, a decline of 7% from the average session volume of 67,954,844 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50-day moving average price is $4.25 and its two-hundred day moving average price is $2.56. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -10.45 and a beta of 3.17.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last three months. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after buying an additional 23,994 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock valued at $9,780,000 after buying an additional 38,858 shares in the last quarter. State Street Corp lifted its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock valued at $1,329,000 after buying an additional 8,879 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in shares of BigBear.ai in the fourth quarter valued at $1,039,000. 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.