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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.78, but opened at $9.39. BigBear.ai shares last traded at $9.24, with a volume of 28,797,396 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BBAI. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Price Performance

The company has a market cap of $2.27 billion, a price-to-earnings ratio of -9.91 and a beta of 3.17. The company has a 50-day simple moving average of $4.50 and a 200-day simple moving average of $2.67. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % 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 valued at $1,347,496 over the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Large investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Barclays PLC raised its position in shares of BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Sargent Investment Group LLC purchased a new stake in BigBear.ai in the 4th quarter valued at approximately $1,028,000. Finally, Grove Bank & Trust grew its holdings in BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock valued at $454,000 after buying an additional 100,900 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.