BigBear.ai (NYSE:BBAI) Shares Gap Up – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped up before the market opened on Monday . The stock had previously closed at $3.53, but opened at $3.63. BigBear.ai shares last traded at $3.59, with a volume of 12,725,551 shares.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. HC Wainwright decreased their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a market capitalization of $984.21 million, a price-to-earnings ratio of -3.80 and a beta of 3.12. The stock has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $3.22. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai during the fourth quarter worth about $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the fourth quarter worth about $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the fourth quarter worth about $45,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai during the fourth quarter worth about $47,000. Finally, Bay Rivers Group acquired a new stake in BigBear.ai during the fourth quarter worth about $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.