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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.68, but opened at $3.82. BigBear.ai shares last traded at $3.78, with a volume of 3,648,876 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBAI. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Trading Down 3.1 %

The company has a market capitalization of $896.78 million, a P/E ratio of -3.92 and a beta of 3.21. 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 fifty day moving average price of $3.32 and a 200-day moving average price of $2.17.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating 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 business had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same period in the prior year, the company earned $0.03 earnings per share. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of BBAI. Choreo LLC bought a new stake in BigBear.ai during the fourth quarter valued at approximately $67,000. Sargent Investment Group LLC bought a new stake in BigBear.ai during the fourth quarter valued at approximately $1,028,000. Bay Rivers Group bought a new stake in BigBear.ai during the fourth quarter valued at approximately $48,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai during the fourth quarter worth approximately $44,000. Finally, Grove Bank & Trust raised its stake in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.