BigBear.ai (NYSE:BBAI) Shares Down 7% – Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAIGet Free Report) dropped 7% on Wednesday . The company traded as low as $7.71 and last traded at $7.83. Approximately 27,920,963 shares changed hands during trading, a decline of 60% from the average daily volume of 68,943,711 shares. The stock had previously closed at $8.42.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several recent research reports. HC Wainwright upped their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

Read Our Latest Stock Report on BBAI

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -8.82 and a beta of 3.17. The firm’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $2.78.

Insider Buying and Selling

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, 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 310,953 shares of company stock worth $1,347,496 in the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of the business. AE Industrial Partners LP bought a new position in BigBear.ai in the 4th quarter valued at $284,721,000. Vanguard Group Inc. raised its holdings in shares of BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after buying an additional 23,994 shares during the last quarter. Geode Capital Management LLC lifted its position in BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after buying an additional 38,858 shares in the last quarter. State Street Corp grew 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 acquiring an additional 267,673 shares during the last quarter. Finally, TFG Asset Management GP Ltd acquired a new stake in BigBear.ai in the 4th quarter valued at about $4,005,000. 7.55% of the stock is currently owned by institutional investors.

About BigBear.ai

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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.

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