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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.24, but opened at $3.83. BigBear.ai shares last traded at $4.04, with a volume of 7,766,182 shares trading hands.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several analyst reports. HC Wainwright raised their price objective 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 reaffirmed an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Performance

The business's fifty day moving average price is $3.75 and its 200-day moving average price is $2.35. The stock has a market capitalization of $1.69 billion, a PE ratio of -7.40 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.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred 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 in the company, 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. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 in the last quarter. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after purchasing an additional 479,401 shares during the period. State Street Corp increased its stake in shares of BigBear.ai by 16.8% during the third 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after acquiring an additional 8,879 shares in the last quarter. Sargent Investment Group LLC bought a new position in shares of BigBear.ai during the fourth quarter valued at approximately $1,028,000. Finally, Sovereign Financial Group Inc. lifted its stake in BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after acquiring an additional 174,815 shares during the period. 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.