BigBear.ai (NYSE:BBAI) Trading Down 3.9% - Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 3.9% on Thursday . The stock traded as low as $2.86 and last traded at $2.98. 14,143,313 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 23,561,799 shares. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 6.0 %

The company has a fifty day moving average of $4.80 and a 200-day moving average of $3.44. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $762.98 million, a price-to-earnings ratio of -2.90 and a beta of 3.34.

Insiders Place Their Bets

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

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Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. City State Bank purchased a new stake in shares of BigBear.ai during the 1st quarter worth $29,000. Rhumbline Advisers increased its stake in BigBear.ai by 18.1% in the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock valued at $378,000 after buying an additional 20,187 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of BigBear.ai during the 4th quarter worth approximately $89,000. TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai during the 4th quarter worth $4,005,000. Finally, Soviero Asset Management LP purchased a new position in BigBear.ai in the 4th quarter valued at approximately $3,248,000. 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.