BigBear.ai (NYSE:BBAI) Shares Gap Down – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down prior to trading on Wednesday . The stock had previously closed at $2.95, but opened at $2.83. BigBear.ai shares last traded at $2.97, with a volume of 3,585,757 shares changing hands.

Analyst Ratings Changes

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

BigBear.ai Stock Up 1.5 %

The stock has a 50 day moving average of $5.05 and a 200 day moving average of $3.36. The firm has a market capitalization of $865.58 million, a price-to-earnings ratio of -3.29 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction 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 represents a 2.63 % 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, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,185 shares of company stock worth $635,493 over the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently made changes to their positions in the business. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter valued at $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the 4th quarter valued at about $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the fourth quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai during the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds 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.