BigBear.ai (NYSE:BBAI) Trading Down 7.4% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 7.4% on Friday . The company traded as low as $8.75 and last traded at $9.06. 38,089,132 shares were traded during trading, a decline of 45% from the average session volume of 69,033,414 shares. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Performance

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's 50-day moving average is $4.50 and its two-hundred day moving average is $2.68. The stock has a market capitalization of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm'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 transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. 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 66,140 shares of the company'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 value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the company. AE Industrial Partners LP acquired a new stake in shares of BigBear.ai in the fourth quarter valued at $284,721,000. Vanguard Group Inc. boosted its position in shares of BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after purchasing an additional 23,994 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after purchasing an additional 38,858 shares in the last quarter. State Street Corp grew its stake in shares of BigBear.ai by 16.8% in the 3rd 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. Finally, Northern Trust Corp raised its holdings in shares of BigBear.ai by 10.5% in the 4th quarter. Northern Trust Corp now owns 839,503 shares of the company's stock worth $3,736,000 after purchasing an additional 79,593 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.