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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $2.66, but opened at $2.80. BigBear.ai shares last traded at $2.76, with a volume of 6,513,969 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on BBAI shares. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Cantor Fitzgerald dropped their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, HC Wainwright decreased their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

BigBear.ai Trading Up 0.6 %

The business’s 50 day simple moving average is $4.91 and its 200 day simple moving average is $3.40. 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 company has a market capitalization of $773.09 million, a price-to-earnings ratio of -2.95 and a beta of 3.34.

Insider Activity at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

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

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.