BigBear.ai (NYSE:BBAI) Shares Gap Up – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.98, but opened at $3.17. BigBear.ai shares last traded at $3.17, with a volume of 4,174,028 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BBAI shares. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Price Performance

The firm has a market capitalization of $846.99 million, a price-to-earnings ratio of -3.71 and a beta of 3.21. The stock’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $2.02. 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 posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million for 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%. BigBear.ai’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. Equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its position in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares during the period. Geode Capital Management LLC grew its position in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. State Street Corp increased its holdings in shares of BigBear.ai by 16.8% in the 3rd 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 period. Bank of New York Mellon Corp raised its position in BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after purchasing an additional 189,593 shares during the last quarter. Finally, Sovereign Financial Group Inc. raised its position in BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after purchasing an additional 174,815 shares during the last quarter. 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.