BigBear.ai (NYSE:BBAI) Shares Gap Down - Time to Sell?

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BBAI shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. 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.

BigBear.ai Price Performance

The company has a market cap of $1.98 billion, a PE ratio of -8.65 and a beta of 3.17. The stock has a fifty day moving average price of $4.82 and a 200-day moving average price of $2.81. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on 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 sale, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Institutional investors have recently bought and sold shares of the company. AE Industrial Partners LP acquired a new position in BigBear.ai in the 4th quarter worth about $284,721,000. Vanguard Group Inc. increased its holdings in BigBear.ai by 0.4% in 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 during the last quarter. Geode Capital Management LLC raised its position in BigBear.ai by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after acquiring an additional 38,858 shares in the last quarter. State Street Corp lifted its stake in BigBear.ai by 16.8% in the third 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 during the last quarter. Finally, TFG Asset Management GP Ltd bought a new stake in BigBear.ai in the fourth quarter worth approximately $4,005,000. Institutional investors and hedge funds own 7.55% of the company's stock.

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.