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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several recent research reports. 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 restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Up 1.1 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -5.34 and a beta of 3.17. The firm has a 50 day moving average price of $5.27 and a two-hundred day moving average price of $3.08.

Insider Transactions at BigBear.ai

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 stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the business. AE Industrial Partners LP purchased a new stake in shares of BigBear.ai in the fourth quarter worth approximately $284,721,000. Vanguard Group Inc. grew its holdings in BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock worth $25,768,000 after buying an additional 23,994 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $9,780,000 after buying an additional 38,858 shares during the last quarter. State Street Corp lifted its stake 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 acquiring an additional 267,673 shares in the last quarter. Finally, TFG Asset Management GP Ltd bought a new stake in shares of BigBear.ai in the 4th quarter worth $4,005,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.