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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) dropped 6.2% during trading on Wednesday . The company traded as low as $3.51 and last traded at $3.5350. Approximately 43,288,787 shares changed hands 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.

Wall Street Analyst Weigh In

BBAI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Cantor Fitzgerald lowered 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 note on Tuesday, March 3rd. Finally, HC Wainwright cut their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Down 6.2%

The business has a 50 day simple moving average of $4.12 and a 200-day simple moving average of $4.62. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -4.06 and a beta of 3.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08.

Insider Activity

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total transaction of $43,300.00. Following the sale, the chief financial officer directly owned 609,256 shares in the company, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the transaction, the director directly owned 204,150 shares in the company, valued at approximately $839,056.50. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

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