BigBear.ai (NYSE:BBAI) Shares Gap Up - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped up prior to trading 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BBAI shares. Cantor Fitzgerald cut their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note 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. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th.

BigBear.ai Trading Down 4.0 %

The firm has a market capitalization of $850.32 million, a PE ratio of -3.28 and a beta of 3.12. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The business has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $3.24.

Insider Activity at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amanda Long sold 200,000 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last three months. 1.40% of the stock is owned by company insiders.

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Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after buying an additional 1,629 shares during the period. Victory Capital Management Inc. boosted its stake in shares of BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after buying an additional 2,332 shares during the period. Deutsche Bank AG raised its position in shares of BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after acquiring an additional 2,427 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after acquiring an additional 3,797 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after acquiring an additional 5,591 shares in the last quarter. Hedge funds and other institutional investors 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.