BigBear.ai (NYSE:BBAI) Trading Down 2.8% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 2.8% on Friday . The stock traded as low as $2.94 and last traded at $2.98. Approximately 8,714,686 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 22,125,322 shares. The stock had previously closed at $3.06.

Analysts Set New Price Targets

A number of research firms recently issued reports on BBAI. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, 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 report on Friday, March 7th.

BigBear.ai Stock Performance

The stock has a market cap of $867.41 million, a PE ratio of -3.35 and a beta of 3.12. The stock has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $3.33. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Activity

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the 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 transaction, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’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 sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,119 shares of company stock worth $629,502. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai in the 4th quarter worth about $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai in the fourth quarter valued at about $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the fourth quarter valued at approximately $45,000. Retirement Income Solutions Inc bought a new position in BigBear.ai during the 4th quarter worth approximately $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai in the 4th quarter worth approximately $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.