BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s share price fell 2.7% on Monday . The stock traded as low as $3.77 and last traded at $3.8150. Approximately 30,695,812 shares were traded during mid-day trading, a decline of 36% from the average session volume of 48,121,391 shares. The stock had previously closed at $3.92.
Analysts Set New Price Targets
Several equities research analysts recently commented on BBAI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Cantor Fitzgerald dropped their price target on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Wall Street Zen raised BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, 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 report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.
Get Our Latest Stock Analysis on BigBear.ai
BigBear.ai Trading Down 2.7%
Insider Transactions at BigBear.ai
In related news, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the sale, the director owned 204,150 shares in the company, valued at approximately $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were 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 $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. 0.57% of the stock is currently owned by insiders.
Institutional Investors Weigh In On BigBear.ai
Several large investors have recently made changes to their positions in BBAI. Farther Finance Advisors LLC boosted its holdings in shares of BigBear.ai by 6.4% during the 4th quarter. Farther Finance Advisors LLC now owns 31,207 shares of the company’s stock worth $169,000 after buying an additional 1,865 shares during the period. Principal Financial Group Inc. raised its holdings in BigBear.ai by 11.8% in the 1st quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock valued at $80,000 after acquiring an additional 2,391 shares during the period. PNC Financial Services Group Inc. raised its holdings in BigBear.ai by 150.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares during the period. NewEdge Advisors LLC lifted its position in BigBear.ai by 3.4% during the fourth quarter. NewEdge Advisors LLC now owns 124,239 shares of the company’s stock worth $671,000 after acquiring an additional 4,073 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in BigBear.ai by 29.2% during the first quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company’s stock worth $65,000 after acquiring an additional 4,159 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.
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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