BigBear.ai (NYSE:BBAI) Stock Price Down 5.1% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 5.1% during mid-day trading on Monday . The stock traded as low as $2.80 and last traded at $2.89. Approximately 12,876,001 shares traded hands during trading, a decline of 42% from the average daily volume of 22,267,657 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Down 3.4 %

The company has a market capitalization of $874.25 million, a price-to-earnings ratio of -3.32 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm's fifty day moving average price is $5.02 and its 200-day moving average price is $3.36.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,372 shares of company stock worth $435,627 in the last 90 days. Insiders own 1.00% of the company's stock.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBAI. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai in the third quarter valued at about $61,000. State Street Corp boosted its holdings in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after acquiring an additional 267,673 shares during the last quarter. XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% in the third 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 last quarter. Barclays PLC increased its position in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Finally, Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% during the 3rd 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. 7.55% of the stock is owned by institutional investors.

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.