BigBear.ai (NYSE:BBAI) Stock Price Down 2.9% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 2.9% during trading on Friday . The stock traded as low as $7.15 and last traded at $7.30. 16,388,177 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 68,138,852 shares. The stock had previously closed at $7.51.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Down 9.5 %

The stock has a fifty day moving average price of $5.00 and a 200 day moving average price of $2.90. 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 stock has a market capitalization of $1.71 billion, a P/E ratio of -7.47 and a beta of 3.17.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in BigBear.ai by 16.8% during the third 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. Geode Capital Management LLC raised its position in 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 purchasing an additional 479,401 shares in the last quarter. Barclays PLC raised its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares in the last quarter. Sargent Investment Group LLC purchased a new stake in BigBear.ai during the fourth quarter valued at about $1,028,000. Finally, Grove Bank & Trust raised its position in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock valued at $454,000 after purchasing an additional 100,900 shares in the last quarter. Hedge funds and other institutional investors 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.