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

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Friday . The stock had previously closed at $9.78, but opened at $9.39. BigBear.ai shares last traded at $9.24, with a volume of 28,797,396 shares trading hands.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several recent analyst reports. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Trading Down 11.0 %

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 company has a 50 day moving average of $4.39 and a two-hundred day moving average of $2.61. The stock has a market cap of $2.19 billion, a PE ratio of -9.71 and a beta of 3.17.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BigBear.ai by 28.6% during 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 last quarter. Barclays PLC boosted its holdings in shares of BigBear.ai by 310.3% during the 3rd 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 last quarter. Sargent Investment Group LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $1,028,000. Finally, Grove Bank & Trust boosted its holdings in shares of BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after purchasing an additional 100,900 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other 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.