BigBear.ai (NYSE:BBAI) Stock Price Down 3.2% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 3.2% during trading on Tuesday . The company traded as low as $8.37 and last traded at $8.44. Approximately 64,080,898 shares were traded during trading, an increase of 2% from the average daily volume of 62,724,164 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

Several brokerages have commented on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

The stock has a market cap of $2.05 billion, a P/E ratio of -8.94 and a beta of 3.17. 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 50 day simple moving average of $4.00 and a 200 day simple moving average of $2.46.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s 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 transaction, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of BigBear.ai in the third quarter worth $131,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai in the third quarter valued at $61,000. State Street Corp lifted its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the period. 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.