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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down prior to trading 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 Analysts Forecast Growth

Several equities analysts have weighed in on the company. HC Wainwright dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Cantor Fitzgerald dropped their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

BigBear.ai Stock Up 2.7 %

The company has a market capitalization of $930.08 million, a PE ratio of -3.59 and a beta of 3.12. The stock’s fifty day moving average is $5.21 and its two-hundred day moving average is $3.19. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insiders Place Their Bets

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently modified their holdings of the business. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai during the 3rd quarter valued at approximately $61,000. State Street Corp raised its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the period. XTX Topco Ltd lifted its position in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. Barclays PLC boosted its holdings in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 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.