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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped up prior to trading on Monday . The stock had previously closed at $2.45, but opened at $2.60. BigBear.ai shares last traded at $2.51, with a volume of 3,927,869 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a 50-day moving average of $1.68 and a 200-day moving average of $1.54. 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on 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 owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of BigBear.ai during the first quarter worth $31,000. Baader Bank Aktiengesellschaft purchased a new position in BigBear.ai during the second quarter worth about $32,000. Keynote Financial Services LLC acquired a new stake in BigBear.ai in the 1st quarter worth about $45,000. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai in the 3rd quarter valued at about $36,000. Finally, American International Group Inc. increased its stake in shares of BigBear.ai by 75.4% during the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after acquiring an additional 10,982 shares during the last quarter. 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.