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 $4.76, but opened at $4.52. BigBear.ai shares last traded at $4.49, with a volume of 11,025,196 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on BBAI. HC Wainwright upped their price objective 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 reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Up 1.1 %

The firm has a fifty day moving average of $5.27 and a two-hundred day moving average of $3.08. The company has a market cap of $1.21 billion, a PE ratio of -5.34 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now owns 137,838 shares of the company’s stock, valued at $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. In the last ninety days, insiders 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP bought a new stake in shares of BigBear.ai during the 4th quarter valued at about $284,721,000. Vanguard Group Inc. lifted its position in BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after purchasing an additional 23,994 shares during the last quarter. Geode Capital Management LLC grew its stake in BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after buying an additional 38,858 shares in the last quarter. State Street Corp raised its position 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 valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Finally, TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai during the 4th quarter worth $4,005,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.