BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) fell 1.7% during mid-day trading on Friday . The company traded as low as $3.24 and last traded at $3.2650. Approximately 22,986,189 shares traded hands during trading, a decline of 50% from the average session volume of 46,225,273 shares. The stock had previously closed at $3.32.
Wall Street Analyst Weigh In
BBAI has been the topic of several analyst reports. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.50.
Read Our Latest Research Report on BBAI
BigBear.ai Stock Down 1.7%
Insider Activity
In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $4.33, for a total transaction of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares in the company, valued at $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai stock in a transaction dated Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.57% of the company’s stock.
Institutional Trading of BigBear.ai
Several institutional investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. lifted its stake in BigBear.ai by 26.4% during the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after purchasing an additional 5,579 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock valued at $1,306,000 after buying an additional 160,096 shares during the period. NewEdge Advisors LLC lifted its stake in BigBear.ai by 441.1% during the 1st quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock worth $213,000 after acquiring an additional 60,583 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.
BigBear.ai Company Profile
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.
Featured Stories
- Five stocks we like better than BigBear.ai
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
Receive News & Ratings for BigBear.ai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BigBear.ai and related companies with MarketBeat.com's FREE daily email newsletter.
