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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded down 14.5% during mid-day trading on Tuesday . The company traded as low as $2.86 and last traded at $2.99. 27,246,868 shares changed hands 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

Several equities research analysts have issued reports on BBAI shares. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright reduced their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Down 0.8 %

The stock has a market cap of $847.76 million, a price-to-earnings ratio of -3.27 and a beta of 3.12. The firm's 50-day moving average is $5.13 and its 200 day moving average is $3.24. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the firm'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 sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

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Institutional Trading of BigBear.ai

Institutional investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai during the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai during the fourth quarter worth approximately $44,000. Captrust Financial Advisors acquired a new position in BigBear.ai during the 4th quarter worth $45,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai during the fourth quarter valued at about $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai during the 4th quarter worth about $48,000. 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.