BigBear.ai (NYSE:BBAI) Shares Gap Up – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.41, but opened at $4.60. BigBear.ai shares last traded at $4.64, with a volume of 9,556,640 shares trading hands.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of analyst reports. HC Wainwright lifted their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price 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 stock’s 50 day moving average price is $3.24 and its two-hundred day moving average price is $2.13.

BigBear.ai (NYSE:BBAI) last released its quarterly 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. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related 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 transaction of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai 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 sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 in the last quarter. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares during the last quarter. Barclays PLC increased its holdings in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the last quarter. Grove Bank & Trust raised its stake in BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock valued at $454,000 after buying an additional 100,900 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its holdings in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after buying an additional 174,815 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other 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.