BigBear.ai (NYSE:BBAI) Trading Down 4.7% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 4.7% during mid-day trading on Friday . The company traded as low as $3.83 and last traded at $3.9570. 30,006,769 shares were traded during mid-day trading, a decline of 55% from the average session volume of 66,961,039 shares. The stock had previously closed at $4.15.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BBAI. Cantor Fitzgerald downgraded shares of BigBear.ai from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $6.00 in a research report on Wednesday, January 7th. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

BigBear.ai Trading Down 4.7%

The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.73 billion, a P/E ratio of -2.79 and a beta of 3.45. The firm’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.94.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the sale, the chief financial officer owned 488,716 shares of the company’s stock, valued at $3,450,334.96. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Wedbush Securities Inc. purchased a new position in BigBear.ai in the 2nd quarter worth about $1,669,000. Swiss National Bank boosted its holdings in shares of BigBear.ai by 51.1% in the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock worth $3,749,000 after buying an additional 186,600 shares during the period. XTX Topco Ltd increased its position in shares of BigBear.ai by 980.7% in the second quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock worth $2,505,000 after acquiring an additional 334,799 shares in the last quarter. PFG Investments LLC purchased a new position in shares of BigBear.ai in the third quarter worth approximately $1,593,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after acquiring an additional 2,326,883 shares during the period. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.