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 Tuesday . The stock had previously closed at $3.68, but opened at $3.82. BigBear.ai shares last traded at $3.78, with a volume of 3,648,876 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BBAI. HC Wainwright upped their target price on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, December 30th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a 50-day moving average of $3.46 and a 200-day moving average of $2.24. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -4.65 and a beta of 3.21.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period in the previous year, the business posted $0.03 earnings per share. The business's revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction 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 $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Geode Capital Management LLC grew its stake in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. State Street Corp increased its holdings in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares during the last quarter. Sargent Investment Group LLC acquired a new stake in BigBear.ai during the fourth quarter valued at approximately $1,028,000. Finally, Sovereign Financial Group Inc. lifted its holdings in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after buying an additional 174,815 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.