BigBear.ai (NYSE:BBAI) Shares Down 1.8% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded down 1.8% during trading on Monday . The company traded as low as $3.50 and last traded at $3.47. 44,125,620 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 25,791,454 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. HC Wainwright reduced their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald dropped their target price 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 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 report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

BigBear.ai Stock Down 5.0 %

The business has a fifty day moving average of $3.40 and a 200 day moving average of $3.54. The firm has a market cap of $982.62 million, a P/E ratio of -3.74 and a beta of 3.34. 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 at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently modified their holdings of BBAI. State Street Corp increased its holdings in shares of BigBear.ai by 16.8% in the third 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. Barclays PLC increased its holdings in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after acquiring an additional 174,815 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. 7.55% of the stock is currently owned by 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.