BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s share price dropped 2.1% on Tuesday . The company traded as low as $3.86 and last traded at $3.9650. Approximately 28,912,498 shares traded hands during trading, a decline of 41% from the average daily volume of 48,595,840 shares. The stock had previously closed at $4.05.
Wall Street Analysts Forecast Growth
BBAI has been the subject of a number of recent research reports. HC Wainwright decreased their price objective on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.50.
Check Out Our Latest Analysis on BBAI
BigBear.ai Trading Down 2.1%
Insider Buying and Selling
In other news, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the transaction, the director directly owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sean Raymond Ricker sold 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $43,300.00. Following the transaction, the chief financial officer directly owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.
Hedge Funds Weigh In On BigBear.ai
A number of large investors have recently modified their holdings of BBAI. Van ECK Associates Corp purchased a new position in BigBear.ai in the 4th quarter valued at approximately $46,675,000. Vanguard Group Inc. increased its stake in BigBear.ai by 32.6% in the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after purchasing an additional 6,790,890 shares in the last quarter. UBS Group AG increased its stake in BigBear.ai by 145.7% in the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after purchasing an additional 6,158,665 shares in the last quarter. Two Sigma Investments LP increased its stake in BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after purchasing an additional 3,056,597 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in BigBear.ai by 35.9% in the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after purchasing an additional 2,706,195 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.
About BigBear.ai
BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.
The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.
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