BigBear.ai (NYSE:BBAI) Shares Gap Up - Here's What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.23, but opened at $4.50. BigBear.ai shares last traded at $4.92, with a volume of 12,462,975 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BBAI shares. Cantor Fitzgerald reiterated 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 lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Stock Up 26.9 %

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 business has a 50 day moving average of $3.75 and a 200-day moving average of $2.35. The stock has a market cap of $2.16 billion, a PE ratio of -9.44 and a beta of 3.17.

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

Insider Activity

In other news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. 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 transaction of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,953 shares of company stock valued at $1,347,496. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai in the third quarter valued at approximately $36,000. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during the 4th quarter worth $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth $44,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter valued at about $48,000. 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.