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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.49, but opened at $3.09. BigBear.ai shares last traded at $3.01, with a volume of 19,897,183 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Trading Down 0.8 %

The firm has a market capitalization of $847.76 million, a price-to-earnings ratio of -3.27 and a beta of 3.12. The business's fifty day moving average is $5.13 and its 200 day moving average is $3.24. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insiders Place Their Bets

In related news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction 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 completion of the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction 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 completion of 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. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company's stock.

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Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of the business. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the fourth quarter valued at approximately $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai during the 4th quarter worth approximately $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $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.