BigBear.ai (NYSE:BBAI) Trading Down 7.8% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 7.8% on Monday . The stock traded as low as $8.56 and last traded at $9.02. 83,917,614 shares traded hands during mid-day trading, an increase of 67% from the average session volume of 50,240,612 shares. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

Several research firms have weighed in on BBAI. HC Wainwright lifted their target price on 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 reaffirmed an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -7.47 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $2.90.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Captrust Financial Advisors purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $45,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $47,000. Finally, Bay Rivers Group purchased a new stake in shares of BigBear.ai during the fourth quarter worth approximately $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.