BigBear.ai (NYSE:BBAI) Trading Down 7% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were down 7% during mid-day trading on Wednesday . The company traded as low as $7.71 and last traded at $7.83. Approximately 27,920,963 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 68,943,711 shares. The stock had previously closed at $8.42.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BBAI. Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, December 30th.

BigBear.ai Stock Down 9.5 %

The firm has a 50 day moving average price of $5.00 and a 200-day moving average price of $2.89. 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 firm has a market cap of $1.71 billion, a PE ratio of -7.47 and a beta of 3.17.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $4.46, for a total value of $199,865.98. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 worth $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Barclays PLC lifted its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Sargent Investment Group LLC purchased a new stake in BigBear.ai in the fourth quarter valued at approximately $1,028,000. Finally, Grove Bank & Trust lifted its stake in BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after buying an additional 100,900 shares during the last quarter. 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.