BigBear.ai (NYSE:BBAI) Shares Gap Up – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up before the market opened on Tuesday . The stock had previously closed at $3.54, but opened at $3.73. BigBear.ai shares last traded at $3.70, with a volume of 17,473,873 shares traded.

Analyst Upgrades and Downgrades

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

BigBear.ai Price Performance

The stock has a market cap of $981.93 million, a price-to-earnings ratio of -3.79 and a beta of 3.12. 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 stock’s 50 day simple moving average is $5.13 and its two-hundred day simple moving average is $3.29.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock valued at $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. bought a new stake in BigBear.ai during the fourth quarter worth about $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $44,000. Captrust Financial Advisors acquired a new stake in BigBear.ai during the 4th quarter valued at $45,000. Retirement Income Solutions Inc bought a new position in BigBear.ai in the 4th quarter valued at $47,000. Finally, Bay Rivers Group acquired a new position in BigBear.ai in the fourth quarter worth $48,000. 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.