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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.14, but opened at $3.03. BigBear.ai shares last traded at $3.05, with a volume of 6,139,509 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on BBAI. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research note on Friday. HC Wainwright dropped their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday.

BigBear.ai Trading Down 0.2 %

The stock has a market capitalization of $893.05 million, a P/E ratio of -3.46 and a beta of 3.12. The stock’s fifty day moving average price is $5.26 and its 200 day moving average price is $3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insiders Place Their Bets

In other news, Director Sean Bernard Battle sold 44,813 shares of the 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 transaction, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in BigBear.ai by 19.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after buying an additional 2,332 shares during the period. Deutsche Bank AG boosted its position in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after acquiring an additional 2,427 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after acquiring an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after acquiring an additional 5,591 shares in the last quarter. Hedge funds and other 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.