BigBear.ai (NYSE:BBAI) Shares Down 2.4% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 2.4% during trading on Thursday . The stock traded as low as $5.26 and last traded at $5.55. 18,232,747 shares traded hands during trading, a decline of 72% from the average session volume of 65,427,973 shares. The stock had previously closed at $5.69.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Down 10.1 %

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 $1.29 billion, a PE ratio of -5.62 and a beta of 3.17. The stock’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $2.99.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

Several hedge funds have recently added to or reduced their stakes in BBAI. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai during the 4th quarter valued at approximately $4,005,000. Soviero Asset Management LP purchased a new position in BigBear.ai in the fourth quarter valued at approximately $3,248,000. Two Sigma Investments LP bought a new position in BigBear.ai during the fourth quarter valued at $70,000. ProShare Advisors LLC increased its position in BigBear.ai by 51.5% in the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company’s stock worth $129,000 after buying an additional 9,879 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BigBear.ai by 21.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company’s stock valued at $1,320,000 after buying an additional 51,377 shares during the period. 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.