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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $5.16, but opened at $5.49. BigBear.ai shares last traded at $5.35, with a volume of 17,424,587 shares trading hands.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Performance

The firm's fifty day simple moving average is $5.32 and its 200 day simple moving average is $3.12. The company has a market capitalization of $1.06 billion, a PE ratio of -4.62 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. acquired a new position in BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth about $44,000. Captrust Financial Advisors purchased a new position in BigBear.ai in the 4th quarter valued at about $45,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai in the 4th quarter valued at about $47,000. Finally, Bay Rivers Group acquired a new stake in BigBear.ai in the 4th quarter worth about $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.