BigBear.ai (NYSE:BBAI) Stock Price Down 3.8% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was down 3.8% on Thursday . The stock traded as low as $2.85 and last traded at $3.01. Approximately 14,467,909 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 22,569,724 shares. The stock had previously closed at $3.13.

Analyst Ratings Changes

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

BigBear.ai Stock Up 2.6 %

The firm's fifty day simple moving average is $4.97 and its two-hundred day simple moving average is $3.39. 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 $845.35 million, a price-to-earnings ratio of -3.21 and a beta of 3.34.

Insider Activity at BigBear.ai

In other BigBear.ai 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 transaction, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

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Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new stake in BigBear.ai in the third quarter valued at approximately $61,000. State Street Corp lifted its stake in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock valued at $89,000 after acquiring an additional 22,363 shares during the period. Barclays PLC grew its position in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after acquiring an additional 479,401 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.