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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price 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 traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BBAI shares. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Finally, Cantor Fitzgerald cut their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th.

BigBear.ai Trading Down 15.0 %

The firm has a 50 day simple moving average of $5.14 and a 200 day simple moving average of $3.24. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $844.62 million, a PE ratio of -3.26 and a beta of 3.12.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction 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 transaction, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. bought a new position in shares of BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai during the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai during the 4th quarter valued at $45,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai during the 4th quarter valued at $47,000. Finally, Bay Rivers Group bought a new position in BigBear.ai in the 4th quarter worth $48,000. 7.55% of the stock is owned by institutional investors.

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.