BigBear.ai (NYSE:BBAI) Shares Gap Down – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped down prior to trading 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.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed 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 increased their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th.

BigBear.ai Price Performance

The stock’s fifty day moving average price is $3.46 and its 200-day moving average price is $2.24. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -4.65 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.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results 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 business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the company’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 sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, 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. In the last quarter, insiders sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Large investors have recently modified their holdings of the stock. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $44,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai in the 4th quarter valued at $48,000. Apollon Wealth Management LLC purchased a new stake in shares of BigBear.ai during the 4th quarter worth $65,000. Finally, Choreo LLC acquired a new position in shares of BigBear.ai during the fourth quarter worth $67,000. 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.