BigBear.ai (NYSE:BBAI) Shares Gap Up – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.59, but opened at $9.43. BigBear.ai shares last traded at $8.98, with a volume of 55,557,875 shares.

Wall Street Analysts Forecast Growth

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

BigBear.ai Trading Down 8.3 %

The business has a 50-day moving average of $4.11 and a 200-day moving average of $2.50. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -8.79 and a beta of 3.17.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction 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 sale, the director now owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the last quarter. State Street Corp boosted its holdings in BigBear.ai by 16.8% in the third 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 last quarter. Sargent Investment Group LLC acquired a new position in BigBear.ai in the fourth quarter valued at $1,028,000. Sovereign Financial Group Inc. boosted its holdings in BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after acquiring an additional 174,815 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in BigBear.ai in the fourth quarter valued at $618,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.