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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $9.78, but opened at $9.39. BigBear.ai shares last traded at $9.24, with a volume of 28,797,396 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on BBAI. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright raised their price target 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.

BigBear.ai Trading Down 7.8 %

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 firm's fifty day simple moving average is $4.50 and its 200-day simple moving average is $2.68. The stock has a market cap of $2.27 billion, a P/E ratio of -9.91 and a beta of 3.17.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction 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 trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at approximately $614,757.48. This trade represents 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. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in BBAI. Invesco Ltd. raised its stake in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares during the period. Victory Capital Management Inc. raised its stake in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after acquiring an additional 2,332 shares during the period. Deutsche Bank AG grew its holdings in BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after buying an additional 2,427 shares in the last quarter. Wells Fargo & Company MN grew its holdings in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after buying an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after buying an additional 5,591 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.