BigBear.ai (NYSE:BBAI) Shares Gap Down - Here's What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.76, but opened at $4.52. BigBear.ai shares last traded at $4.49, with a volume of 11,025,196 shares traded.

Analyst Ratings Changes

Several brokerages have commented on BBAI. HC Wainwright increased their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market capitalization of $1.06 billion, a PE ratio of -4.62 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average price of $5.32 and a two-hundred day moving average price of $3.12.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. Sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction that occurred 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 approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % 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 in the last 90 days. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Invesco Ltd. boosted its holdings in shares of BigBear.ai by 8.3% in the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares in the last quarter. Victory Capital Management Inc. lifted its position in BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after purchasing an additional 2,332 shares during the period. Deutsche Bank AG boosted its holdings in BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares in the last quarter. Wells Fargo & Company MN increased its position in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after purchasing an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after buying an additional 5,591 shares in the last quarter. Hedge funds and other institutional investors 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.