BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) shares shot up 1.5% during trading on Wednesday . The stock traded as high as $3.28 and last traded at $3.1450. 23,658,456 shares were traded during trading, a decline of 48% from the average session volume of 45,771,238 shares. The stock had previously closed at $3.10.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on BBAI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. Wall Street Zen upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. 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 company’s stock. According to data from MarketBeat.com, BigBear.ai has a consensus rating of “Hold” and a consensus target price of $5.50.
Check Out Our Latest Report on BigBear.ai
BigBear.ai Trading Up 1.5%
Insider Buying and Selling
In related news, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $4.11, for a total value of $61,650.00. Following the completion of the transaction, the director owned 204,150 shares in the company, valued at $839,056.50. This trade represents a 6.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.33, for a total transaction of $43,300.00. Following the sale, the chief financial officer owned 609,256 shares in the company, valued at approximately $2,638,078.48. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by company insiders.
Hedge Funds Weigh In On BigBear.ai
A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Vanguard Group Inc. increased its position in shares of BigBear.ai by 18.4% during the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after buying an additional 5,090,508 shares during the period. UBS Group AG lifted its holdings in BigBear.ai by 145.7% in the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after buying an additional 6,158,665 shares during the period. State Street Corp boosted its position in BigBear.ai by 33.6% during the fourth quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after acquiring an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC grew its holdings in BigBear.ai by 35.9% during the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock worth $55,347,000 after acquiring an additional 2,706,195 shares during the period. Finally, Van ECK Associates Corp acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $46,675,000. 7.55% of the stock is owned by institutional investors and hedge funds.
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.
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