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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.14, but opened at $3.03. BigBear.ai shares last traded at $3.05, with a volume of 6,139,509 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on BBAI. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report 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 on the stock in a research note on Friday, March 7th.

BigBear.ai Trading Up 2.7 %

The stock’s 50 day simple moving average is $5.21 and its 200 day simple moving average is $3.19. The firm has a market cap of $930.08 million, a PE ratio of -3.59 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.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was 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 approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value 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. The trade was a 24.53 % decrease in their position. 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. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the business. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai during the fourth quarter valued at about $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai in the 4th quarter worth approximately $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai in the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new stake in BigBear.ai in the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group purchased a new stake in shares of BigBear.ai during the fourth quarter valued at approximately $48,000. Institutional investors 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.