BigBear.ai (NYSE:BBAI) Shares Down 7.8% - Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 7.8% on Thursday . The company traded as low as $4.26 and last traded at $4.43. 18,271,146 shares were traded during trading, a decline of 12% from the average session volume of 20,745,740 shares. The stock had previously closed at $4.80.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BBAI. HC Wainwright reduced their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $2.50 to $4.00 in a report on Friday. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday.

BigBear.ai Trading Down 20.3 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The business's fifty day moving average is $5.29 and its 200 day moving average is $3.16. The firm has a market capitalization of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction 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 sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai 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 sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the 4th quarter valued at about $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the 4th quarter valued at about $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the 4th quarter valued at about $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group bought a new position in shares of BigBear.ai in the 4th quarter valued at about $48,000. 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.