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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.49, but opened at $3.09. BigBear.ai shares last traded at $3.01, with a volume of 19,897,183 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

BigBear.ai Stock Down 13.0 %

The firm has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $3.23. The firm has a market cap of $864.57 million, a price-to-earnings ratio of -3.34 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insiders Place Their Bets

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

Hedge Funds Weigh In On BigBear.ai

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

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.