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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up before the market opened on Monday . The stock had previously closed at $8.59, but opened at $9.43. BigBear.ai shares last traded at $8.98, with a volume of 55,557,875 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BBAI shares. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the stock 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 firm has a market capitalization of $2.01 billion, a PE ratio of -8.79 and a beta of 3.17. The stock has a 50-day moving average price of $4.11 and a 200 day moving average price of $2.50. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 over the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in BigBear.ai by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock worth $25,768,000 after purchasing an additional 23,994 shares during the period. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. State Street Corp boosted its position in shares of 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. Charles Schwab Investment Management Inc. boosted its position in shares of BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after acquiring an additional 8,879 shares in the last quarter. Finally, Sargent Investment Group LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth about $1,028,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.