BigBear.ai (NYSE:BBAI) Shares Gap Down – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $2.20, but opened at $2.12. BigBear.ai shares last traded at $2.21, with a volume of 1,910,645 shares trading hands.

Analyst Ratings Changes

BBAI has been the subject of several research analyst reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The stock’s 50 day moving average price is $1.75 and its 200 day moving average price is $1.56. The company has a market capitalization of $651.53 million, a P/E ratio of -2.92 and a beta of 3.58. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of BigBear.ai by 310.3% during the third 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 period. Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares in the last quarter. State Street Corp grew its holdings in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of BigBear.ai during the third quarter worth about $61,000. 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.