BigBear.ai (NYSE:BBAI) Shares Gap Up - What's Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.53, but opened at $3.79. BigBear.ai shares last traded at $3.67, with a volume of 24,939,093 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BBAI shares. Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Cantor Fitzgerald reduced their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, HC Wainwright lowered their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.

BigBear.ai Stock Down 3.3 %

The stock has a 50-day moving average of $3.63 and a 200 day moving average of $3.53. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market cap of $986.96 million, a P/E ratio of -3.75 and a beta of 3.34.

Insider Activity

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. This represents a 13.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its position in BigBear.ai by 8.3% in the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after purchasing an additional 1,629 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after buying an additional 2,332 shares during the period. Deutsche Bank AG raised its holdings in BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after buying an additional 2,427 shares during the last quarter. Wells Fargo & Company MN boosted its position in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after buying an additional 3,797 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after acquiring an additional 5,591 shares during the last quarter. 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.

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