BigBear.ai (NYSE:BBAI) Shares Gap Up - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up before the market opened 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.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Down 5.0 %

The firm has a 50-day moving average price of $3.40 and a two-hundred day moving average price of $3.54. 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 firm has a market cap of $982.62 million, a price-to-earnings ratio of -3.74 and a beta of 3.34.

Insiders Place Their Bets

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of BigBear.ai

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of BigBear.ai by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 283,718 shares of the company's stock valued at $811,000 after buying an additional 56,558 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in BigBear.ai in the 1st quarter valued at about $79,000. Kieckhefer Group LLC purchased a new stake in BigBear.ai during the 1st quarter valued at approximately $640,000. McGuire Investment Group LLC purchased a new stake in BigBear.ai during the 1st quarter valued at approximately $131,000. Finally, PFG Investments LLC acquired a new stake in BigBear.ai during the 1st quarter worth approximately $43,000. 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.