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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened on Wednesday . The stock had previously closed at $3.96, but opened at $3.72. BigBear.ai shares last traded at $3.58, with a volume of 8,609,210 shares changing hands.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright increased 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.

BigBear.ai Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $839.46 million, a price-to-earnings ratio of -3.68 and a beta of 3.21. The stock has a 50-day moving average of $2.76 and a two-hundred day moving average of $1.95.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction 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 represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 849,032 shares of company stock worth $2,184,876. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd raised 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 acquiring an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the last quarter. Sovereign Financial Group Inc. bought a new position in BigBear.ai during the third quarter worth about $36,000. Intech Investment Management LLC bought a new position in BigBear.ai during the 3rd quarter worth approximately $61,000. Finally, Rhumbline Advisers grew its holdings in shares of BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after buying an additional 68,663 shares during the period. 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.