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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.87, but opened at $7.31. BigBear.ai shares last traded at $7.03, with a volume of 23,589,318 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBAI shares. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

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 business has a 50-day simple moving average of $4.91 and a 200 day simple moving average of $2.85. The firm has a market cap of $1.71 billion, a P/E ratio of -7.47 and a beta of 3.17.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares of the company's stock, valued at approximately $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. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently made changes to their positions in the company. TFG Asset Management GP Ltd bought a new position in BigBear.ai in the fourth quarter worth $4,005,000. Soviero Asset Management LP bought a new position in shares of BigBear.ai in the 4th quarter worth about $3,248,000. Two Sigma Investments LP purchased a new position in BigBear.ai during the 4th quarter valued at about $70,000. ProShare Advisors LLC lifted its position in BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock valued at $129,000 after acquiring an additional 9,879 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BigBear.ai by 21.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company's stock worth $1,320,000 after acquiring an additional 51,377 shares in the last quarter. 7.55% of the stock is currently owned by 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.