BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) dropped 7.5% during mid-day trading on Tuesday . The company traded as low as $3.83 and last traded at $3.9850. Approximately 43,616,937 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 49,442,758 shares. The stock had previously closed at $4.31.
Wall Street Analysts Forecast Growth
BBAI has been the subject of a number of analyst reports. HC Wainwright reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Finally, Cantor Fitzgerald cut their price objective 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. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.50.
View Our Latest Report on BigBear.ai
BigBear.ai Price Performance
Insider Buying and Selling at BigBear.ai
In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the sale, the director owned 508,687 shares of the company’s stock, valued at $2,034,748. The trade was a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the sale, the director directly owned 204,150 shares in the company, valued at $839,056.50. This trade represents a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,000 shares of company stock valued at $424,950 in the last 90 days. 0.57% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On BigBear.ai
Several institutional investors and hedge funds have recently bought and sold shares of BBAI. Root Financial Partners LLC increased its holdings in BigBear.ai by 617.5% in the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after buying an additional 4,631 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of BigBear.ai by 150.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,392 shares during the last quarter. HM Payson & Co. grew its holdings in shares of BigBear.ai by 616.9% in the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after purchasing an additional 6,169 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of BigBear.ai in the 1st quarter worth about $41,000. Finally, Krilogy Financial LLC bought a new stake in shares of BigBear.ai in the 1st quarter worth about $43,000. 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.
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