BigBear.ai (NYSE:BBAI) Shares Gap Up - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $2.98, but opened at $3.17. BigBear.ai shares last traded at $3.17, with a volume of 4,174,028 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on BBAI. HC Wainwright raised their price objective on shares of 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 reaffirmed an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Trading Up 21.8 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.03 billion, a P/E ratio of -4.54 and a beta of 3.21. The firm's 50-day simple moving average is $2.95 and its 200 day simple moving average is $2.02.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction dated 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 approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% in the 3rd 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 in the last quarter. State Street Corp raised its stake in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after purchasing an additional 267,673 shares during the period. Bank of Montreal Can lifted its holdings in shares of BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock valued at $1,006,000 after purchasing an additional 643,570 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock worth $465,000 after buying an additional 189,593 shares during the period. Finally, Sovereign Financial Group Inc. grew its holdings in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after buying an additional 174,815 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.