BigBear.ai (NYSE:BBAI) Stock Price Down 1.2% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price fell 1.2% during mid-day trading on Thursday . The stock traded as low as $2.98 and last traded at $3.07. 7,442,073 shares traded hands during trading, a decline of 65% from the average session volume of 21,525,498 shares. The stock had previously closed at $3.11.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBAI. Cantor Fitzgerald reduced their target price 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. Northland Securities lowered 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 research note on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, HC Wainwright decreased their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Stock Performance

The stock has a market capitalization of $847.47 million, a PE ratio of -3.29 and a beta of 3.12. 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 firm has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $3.24.

Insiders Place Their Bets

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’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 owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business’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 directly owns 2,583,254 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

Several institutional investors have recently made changes to their positions in BBAI. Invesco Ltd. increased its position in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. raised its position in BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock valued at $65,000 after purchasing an additional 2,332 shares during the period. Deutsche Bank AG grew its stake in shares of BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after buying an additional 2,427 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after purchasing an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after purchasing an additional 5,591 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.