BigBear.ai (NYSE:BBAI) Shares Gap Down - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped down before the market opened 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.

Analyst Upgrades and Downgrades

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

BigBear.ai Price Performance

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -6.19 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock's 50 day simple moving average is $5.06 and its two-hundred day simple moving average is $2.94.

Insider Activity

In related news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. 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 on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value 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 represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new position in BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai in the fourth quarter worth $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai during the fourth quarter worth $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.