BigBear.ai (NYSE:BBAI) Stock Price Down 6.2% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 6.2% on Wednesday . The stock traded as low as $3.51 and last traded at $3.5350. 43,288,787 shares were traded during mid-day trading, a decline of 10% from the average session volume of 47,897,727 shares. The stock had previously closed at $3.77.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BBAI shares. Wall Street Zen upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. HC Wainwright dropped their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.50.

BigBear.ai Trading Down 6.2%

The firm has a market capitalization of $1.69 billion, a P/E ratio of -4.06 and a beta of 3.27. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $4.12 and a 200-day moving average of $4.62.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $43,300.00. Following the completion of the transaction, the chief financial officer owned 609,256 shares of the company’s stock, valued at $2,638,078.48. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the sale, the director directly owned 204,150 shares of the company’s stock, valued at $839,056.50. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in BBAI. Root Financial Partners LLC lifted its holdings in shares of BigBear.ai by 617.5% during the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after acquiring an additional 4,631 shares during the period. PNC Financial Services Group Inc. raised its position in BigBear.ai by 150.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,392 shares in the last quarter. HM Payson & Co. lifted its stake in BigBear.ai by 616.9% during the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after purchasing an additional 6,169 shares during the last quarter. IFP Advisors Inc lifted its stake in BigBear.ai by 218.1% during the third quarter. IFP Advisors Inc now owns 9,559 shares of the company’s stock worth $62,000 after purchasing an additional 6,554 shares during the last quarter. Finally, Hodges Capital Management Inc. acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $54,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.