BigBear.ai (NYSE:BBAI) Shares Gap Up – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped up prior to trading on Monday . The stock had previously closed at $3.53, but opened at $3.63. BigBear.ai shares last traded at $3.59, with a volume of 12,725,551 shares.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Performance

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 business has a 50 day moving average price of $5.14 and a two-hundred day moving average price of $3.24. The company has a market cap of $844.62 million, a P/E ratio of -3.26 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the company’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 transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This represents a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company’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 $11,004,520.50. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last 90 days. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the 4th quarter worth approximately $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the 4th quarter worth approximately $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the 4th quarter worth approximately $47,000. Finally, Bay Rivers Group bought a new position in shares of BigBear.ai in the 4th quarter worth approximately $48,000. 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.