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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $2.95, but opened at $2.83. BigBear.ai shares last traded at $2.97, with a volume of 3,585,757 shares.

Analyst Ratings Changes

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

BigBear.ai Price Performance

The firm has a market cap of $874.25 million, a P/E ratio of -3.32 and a beta of 3.12. 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 50-day simple moving average is $5.00 and its two-hundred day simple moving average is $3.36.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,372 shares of company stock valued at $435,627. Company insiders own 1.00% of the company’s stock.

Institutional Trading of BigBear.ai

A number of large investors have recently modified their holdings of the company. State Street Corp lifted its stake in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of BigBear.ai during the fourth quarter valued at approximately $325,000. Barclays PLC increased its holdings in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after buying an additional 8,879 shares in the last quarter. Hedge funds and other 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.