BigBear.ai (NYSE:BBAI) Shares Gap Down – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down prior to trading on Thursday . The stock had previously closed at $7.87, but opened at $7.31. BigBear.ai shares last traded at $7.03, with a volume of 23,589,318 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BBAI shares. HC Wainwright lifted their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Down 10.4 %

The company has a market capitalization of $1.77 billion, a PE ratio of -7.77 and a beta of 3.17. The business’s 50 day simple moving average is $4.82 and its 200 day simple moving average is $2.81. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter worth about $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the 4th quarter worth about $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the 4th quarter worth about $47,000. Finally, Bay Rivers Group acquired a new stake in BigBear.ai in the 4th quarter valued at approximately $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.