BigBear.ai (NYSE:BBAI) Shares Down 14.5% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 14.5% on Tuesday . The stock traded as low as $2.86 and last traded at $2.99. 27,246,868 shares were traded during mid-day trading, an increase of 27% from the average session volume of 21,454,347 shares. The stock had previously closed at $3.49.

Analyst Ratings Changes

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

BigBear.ai Trading Up 4.5 %

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 has a market cap of $884.51 million, a price-to-earnings ratio of -3.41 and a beta of 3.12. The business’s 50-day simple moving average is $5.13 and its 200-day simple moving average is $3.24.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % 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 worth $1,347,496. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position 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 during the last quarter. Geode Capital Management LLC grew its holdings in BigBear.ai by 28.6% in 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 during the period. Oppenheimer & Co. Inc. purchased a new stake in BigBear.ai in the fourth quarter valued at approximately $325,000. Barclays PLC grew its holdings in 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 purchasing an additional 107,214 shares during the period. Finally, Sargent Investment Group LLC purchased a new stake in BigBear.ai in the fourth quarter valued at approximately $1,028,000. Institutional investors and hedge funds 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.