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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.23, but opened at $5.80. BigBear.ai shares last traded at $5.08, with a volume of 65,144,861 shares trading hands.

Analyst Ratings Changes

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

BigBear.ai Trading Up 20.9%

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock's fifty day simple moving average is $3.64 and its 200-day simple moving average is $4.05.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.67) earnings per share. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the transaction, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% 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, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer now owns 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,053 shares of company stock worth $620,599. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the company. AE Industrial Partners LP acquired a new stake in shares of BigBear.ai during the fourth quarter worth $284,721,000. Vanguard Group Inc. raised its holdings in BigBear.ai by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after buying an additional 534,963 shares during the period. Goldman Sachs Group Inc. raised its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the period. Geode Capital Management LLC raised its holdings in BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after buying an additional 38,858 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in BigBear.ai during the 1st quarter worth about $3,811,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.