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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up prior to trading on Friday . The stock had previously closed at $2.86, but opened at $3.18. BigBear.ai shares last traded at $3.26, with a volume of 17,153,783 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Up 21.0 %

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $1.83 and a 200 day simple moving average of $1.59. The firm has a market capitalization of $867.03 million, a P/E ratio of -3.48 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after buying an additional 107,214 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares during the last quarter. State Street Corp boosted its holdings in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in BigBear.ai in the 3rd quarter worth about $61,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.