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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.41, but opened at $4.60. BigBear.ai shares last traded at $4.64, with a volume of 9,556,640 shares.

Analyst Upgrades and Downgrades

BBAI has been the subject of a number of research reports. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Performance

The firm has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $2.12. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -4.87 and a beta of 3.21. 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 - Get Free Report) last posted its quarterly earnings results 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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million for the quarter, compared to analysts' expectations of $45.04 million. During the same quarter last year, the business earned $0.03 earnings per share. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following 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. Over the last ninety days, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of 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 period. Rhumbline Advisers boosted its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock valued at $154,000 after buying an additional 68,663 shares during the period. XTX Topco Ltd bought a new stake in shares of BigBear.ai during the second quarter worth $58,000. Bank of Montreal Can raised its holdings in shares of 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 acquiring an additional 643,570 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after acquiring an additional 23,597 shares in the last quarter. 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.