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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.59, but opened at $9.43. BigBear.ai shares last traded at $8.98, with a volume of 55,557,875 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on BBAI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright upped their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.

BigBear.ai Stock Up 0.9 %

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 company has a market cap of $2.47 billion, a P/E ratio of -10.80 and a beta of 3.17. The firm's 50 day moving average price is $4.39 and its 200-day moving average price is $2.61.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of BigBear.ai by 956.5% during the fourth quarter. NewEdge Advisors LLC now owns 13,735 shares of the company's stock worth $61,000 after buying an additional 12,435 shares in the last quarter. Barclays PLC grew its stake in shares of BigBear.ai by 13.9% during the 4th quarter. Barclays PLC now owns 161,457 shares of the company's stock worth $718,000 after acquiring an additional 19,691 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $204,000. TRUE Private Wealth Advisors bought a new stake in shares of BigBear.ai in the fourth quarter worth $291,000. Finally, Raymond James Financial Inc. acquired a new position in BigBear.ai during the fourth quarter worth $618,000. Institutional investors and hedge funds 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.