BigBear.ai (NYSE:BBAI) Shares Down 9.1% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price dropped 9.1% during trading on Tuesday . The stock traded as low as $5.31 and last traded at $5.40. Approximately 22,987,571 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 66,825,805 shares. The stock had previously closed at $5.94.

Analysts Set New Price Targets

BBAI has been the topic of several recent analyst reports. HC Wainwright increased their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -5.70 and a beta of 3.17. The company has a fifty day moving average price of $5.24 and a two-hundred day moving average price of $3.03. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity

In other news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company's stock, valued at $614,757.48. The trade was a 24.53 % 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 company insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the stock. Cape Investment Advisory Inc. purchased a new position in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai in the 4th quarter valued at $47,000. Finally, Bay Rivers Group purchased a new position in BigBear.ai in the 4th quarter valued at $48,000. 7.55% of the stock is 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.