BigBear.ai (NYSE:BBAI) Shares Gap Down – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped down before the market opened 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright upped their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Price Performance

The stock has a market cap of $1.71 billion, a PE ratio of -7.47 and a beta of 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. The firm’s 50 day moving average price is $5.00 and its two-hundred day moving average price is $2.89.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % 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 worth $1,347,496. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai during the 4th quarter worth $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the 4th quarter worth about $44,000. Captrust Financial Advisors acquired a new position in BigBear.ai during the fourth quarter worth approximately $45,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai in the 4th quarter valued at approximately $47,000. Finally, Bay Rivers Group purchased a new position in shares of BigBear.ai in the 4th quarter valued at approximately $48,000. 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.