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 $3.49, but opened at $3.09. BigBear.ai shares last traded at $3.01, with a volume of 19,897,183 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BBAI. Cantor Fitzgerald reduced their price objective 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. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, HC Wainwright dropped their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th.

BigBear.ai Trading Up 4.5 %

The stock has a market cap of $884.51 million, a PE ratio of -3.41 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. The stock has a fifty day moving average price of $5.13 and a 200 day moving average price of $3.24.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently bought and sold shares of BBAI. AE Industrial Partners LP bought a new stake in BigBear.ai during the 4th quarter valued at $284,721,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai during the 4th quarter valued at $4,005,000. Soviero Asset Management LP bought a new stake in BigBear.ai during the 4th quarter valued at $3,248,000. Geode Capital Management LLC raised its position in BigBear.ai by 28.6% during the 3rd 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. Finally, State Street Corp raised its position 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 purchasing an additional 267,673 shares in the last quarter. 7.55% of the stock is owned by 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.