BigBear.ai (NYSE:BBAI) Trading Down 1.7% - Should You Sell?

Key Points

• BigBear.ai stock price decreased by 1.7%, trading at $6.60 with a significant drop in trading volume, down 82% from its average session.
• HC Wainwright raised the stock's price target from $6.00 to $9.00 and has initiated a "buy" rating.
• Institutional investors, including Vanguard Group and JPMorgan Chase, have recently increased their holdings in BigBear.ai, indicating growing confidence in the company.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded down 1.7% during trading on Thursday . The stock traded as low as $6.55 and last traded at $6.60. 15,888,430 shares were traded during trading, a decline of 82% from the average session volume of 87,539,352 shares. The stock had previously closed at $6.72.

Analysts Set New Price Targets

Separately, HC Wainwright upped their target price on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Trading Up 6.5%

The firm's 50 day moving average price is $5.94 and its 200-day moving average price is $4.80. The stock has a market cap of $2.05 billion, a P/E ratio of -8.95 and a beta of 3.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66.

Insider Activity at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director owned 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,924 shares of company stock worth $473,416. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC bought a new position in BigBear.ai during the first quarter valued at approximately $26,000. City State Bank bought a new position in BigBear.ai during the first quarter valued at approximately $29,000. Cornerstone Wealth Management LLC bought a new position in BigBear.ai during the first quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC lifted its position in BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after purchasing an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in BigBear.ai during the first quarter valued at approximately $34,000. Institutional investors own 7.55% of the company's stock.

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.