Insider Sale Alert: Holdings Inc. [BBAI] – Is it Time to sell?


In a filing, Holdings Inc. revealed its Director BBAI Ultimate Holdings, LLC unloaded Company’s shares for reported $0.88 million on May 30. In the deal valued at $2.44 per share,361,096 shares were sold. As a result of this transaction, BBAI Ultimate Holdings, LLC now holds 102,686,955 shares worth roughly $ 175.59 million.

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Then, BBAI Ultimate Holdings, LLC sold 749,909 shares, generating $1,814,780 in total proceeds. Upon selling the shares at $2.42, the Director now owns 103,048,051 shares.

Before that, BBAI Ultimate Holdings, LLC sold 960,012 shares. Holdings Inc. shares valued at $2,352,029 were divested by the Director at a price of $2.45 per share. As a result of the transaction, BBAI Ultimate Holdings, LLC now holds 103,797,960 shares, worth roughly $177.49 million.

H.C. Wainwright initiated its Holdings Inc. [BBAI] rating to a Buy in a research note published on Tuesday, August 29, 2023; the price target was $4. PT values the company’s stock at a premium of 57.25 to its Tuesday closing price.

Price Performance Review of BBAI

On Tuesday, Holdings Inc. [NYSE:BBAI] saw its stock fall -0.58% to $1.71. On the same session, the stock had its day’s lowest price of $1.67, but rose to a high of $1.81. Over the last five days, the stock has gained 24.82%. Holdings Inc. shares have risen nearly 153.82% since the year began. Nevertheless, the stocks have risen 13.25% over the past one year. While a 52-week high of $6.77 was reached on 02/06/23, a 52-week low of $0.58 was recorded on 01/04/23. SMA at 50 days reached $1.8636, while 200 days put it at $2.1553. A total of 4.22 million shares were traded, compared to the trading of 3.76 million shares in the previous session.

Levels Of Support And Resistance For BBAI Stock

The 24-hour chart illustrates a support level at 1.6500, which if violated will result in even more drops to 1.5900. On the upside, there is a resistance level at 1.7900. A further resistance level may holdings at 1.8700. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1986, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.52%. Stochastics %K at 84.85% indicates the stock is a selling.

How much short interest is there in Holdings Inc.?

A steep rise in short interest was recorded in Holdings Inc. stocks on Aug 14, 2023, growing by 2.81 million shares to a total of 6.76 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.95 million shares. There was a rise of 41.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.98. Holdings Inc. [BBAI] – Who Are The Largest Shareholders?

In filings from Armistice Capital LLC, it is revealed that the company now owns 7,500,000 shares, or roughly 4.85% of the outstanding BBAI shares. Additionally, Bank of America, NA increased 3.89% of its stake after which the total value it holdings stand at $4,575,232. Over the last quarter, The Vanguard Group, Inc. purchased 99,743 shares of Holdings Inc., while Susquehanna Financial Group LLLP bought 75,900 shares. At present, SSgA Funds Management, Inc. is holding 467,071 shares valued at $0.94 million. BofA Securities, Inc. owned 400,050 shares of the company at the time of its most recent 13F filing, worth $0.8 million.

According to FactSet, Holdings Inc.’s share price will average $4.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 161.63 percent from its previous closing price of $1.72. Analysts expect Holdings Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $4.00. However, 4 analysts have rated BBAI stock as an Overweight in their predictions for 2023.


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