BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) dropped 6.8% during trading on Thursday . The stock traded as low as $2.91 and last traded at $2.9250. 35,622,145 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 45,696,727 shares. The stock had previously closed at $3.14.
Analysts Set New Price Targets
A number of research firms recently commented on BBAI. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BigBear.ai presently has an average rating of “Hold” and a consensus target price of $5.50.
Get Our Latest Stock Analysis on BBAI
BigBear.ai Trading Down 6.8%
Insider Transactions at BigBear.ai
In other BigBear.ai news, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.11, for a total value of $61,650.00. Following the sale, the director owned 204,150 shares of the company’s stock, valued at $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $43,300.00. Following the completion of the sale, the chief financial officer owned 609,256 shares in the company, valued at $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 currently owned by corporate insiders.
Institutional Investors Weigh In On BigBear.ai
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in BigBear.ai by 26.4% during the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after buying an additional 5,579 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of BigBear.ai in the first quarter worth $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BigBear.ai by 54.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after acquiring an additional 160,096 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of BigBear.ai by 441.1% in the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock valued at $213,000 after acquiring an additional 60,583 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Hedge funds and other institutional investors 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.
Featured Articles
- Five stocks we like better than BigBear.ai
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
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.
