BigBear.ai (NYSE:BBAI) Shares Gap Up – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up before the market opened on Tuesday . The stock had previously closed at $4.23, but opened at $4.50. BigBear.ai shares last traded at $4.92, with a volume of 12,462,975 shares.

Analyst Ratings Changes

BBAI has been the subject of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Performance

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 firm has a market cap of $1.15 billion, a PE ratio of -5.04 and a beta of 3.17. The company has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $2.26.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % 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 ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the third quarter valued at approximately $36,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the 4th quarter worth $44,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai in the fourth quarter worth about $47,000. Bay Rivers Group bought a new position in shares of BigBear.ai in the fourth quarter worth about $48,000. Finally, Intech Investment Management LLC purchased a new position in shares of BigBear.ai during the 3rd quarter valued at about $61,000. Hedge funds and other institutional investors 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.