BigBear.ai (NYSE:BBAI) Shares Gap Down – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Monday . The stock had previously closed at $4.24, but opened at $3.83. BigBear.ai shares last traded at $4.04, with a volume of 7,766,182 shares trading hands.

Analyst Ratings Changes

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

BigBear.ai Price Performance

The stock has a market capitalization of $1.23 billion, a PE ratio of -5.39 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 stock’s fifty day moving average is $3.56 and its 200-day moving average is $2.28.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. As a group, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently added to or reduced their stakes in BBAI. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the fourth quarter worth approximately $44,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai in the 4th quarter valued at $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai during the 4th quarter worth about $48,000. Apollon Wealth Management LLC purchased a new stake in BigBear.ai in the 4th quarter valued at about $65,000. Finally, Choreo LLC purchased a new stake in BigBear.ai in the 4th quarter valued at about $67,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.