BigBear.ai (NYSE:BBAI) Shares Down 1.5% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 1.5% during trading on Friday . The company traded as low as $2.85 and last traded at $2.96. Approximately 8,213,874 shares traded hands during trading, a decline of 62% from the average daily volume of 21,558,943 shares. The stock had previously closed at $3.00.

Analysts Set New Price Targets

A number of analysts have commented on BBAI shares. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Stock Down 0.8 %

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $847.76 million, a PE ratio of -3.27 and a beta of 3.12. The stock’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $3.26.

Insider Buying and Selling

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai during the fourth quarter valued at about $40,000. Simon Quick Advisors LLC purchased a new stake in BigBear.ai during the fourth quarter valued at about $44,000. Captrust Financial Advisors purchased a new stake in BigBear.ai during the fourth quarter valued at about $45,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai during the fourth quarter valued at about $47,000. Finally, Bay Rivers Group purchased a new stake in BigBear.ai during the fourth quarter valued at about $48,000. 7.55% of the stock is owned by hedge funds and other 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.