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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up prior to trading on Monday . The stock had previously closed at $3.34, but opened at $3.48. BigBear.ai shares last traded at $3.24, with a volume of 23,717,658 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BBAI. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a research note on Friday. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday.

BigBear.ai Stock Performance

The stock has a market capitalization of $917.27 million, a PE ratio of -3.54 and a beta of 3.12. 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 firm’s 50 day moving average is $5.29 and its two-hundred day moving average is $3.16.

Insider Buying and Selling

In other BigBear.ai news, 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 sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AE Industrial Partners LP purchased a new position in BigBear.ai in the 4th quarter valued at $284,721,000. Vanguard Group Inc. raised its holdings in BigBear.ai by 0.4% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in BigBear.ai by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after buying an additional 38,858 shares during the period. State Street Corp increased its holdings in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Finally, TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai during the 4th quarter worth $4,005,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.