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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.66, but opened at $3.42. BigBear.ai shares last traded at $3.44, with a volume of 13,796,548 shares traded.

Analysts Set New Price Targets

BBAI has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 9.3 %

The company has a market cap of $831.95 million, a PE ratio of -3.62 and a beta of 3.58. The firm has a 50-day simple moving average of $1.91 and a two-hundred day simple moving average of $1.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD purchased a new position in shares of BigBear.ai in the 1st quarter worth $31,000. Baader Bank Aktiengesellschaft acquired a new stake in BigBear.ai during the second quarter worth about $32,000. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai in the 3rd quarter worth about $36,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai in the 2nd quarter valued at about $58,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.