BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) rose 2.5% on Monday . The stock traded as high as $4.49 and last traded at $4.3050. Approximately 34,072,501 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 49,493,227 shares. The stock had previously closed at $4.20.
Analysts Set New Price Targets
BBAI has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” 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. Finally, HC Wainwright cut their price target 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. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.50.
Get Our Latest Research Report on BBAI
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 dated Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the transaction, the director directly owned 508,687 shares in the company, valued at $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,000 shares of company stock worth $424,950 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On BigBear.ai
Large investors have recently bought and sold shares of the business. Cantor Fitzgerald L. P. bought a new stake in BigBear.ai during the 3rd quarter worth approximately $1,756,000. M&T Bank Corp bought a new stake in BigBear.ai during the 4th quarter worth approximately $5,576,000. AlphaQuest LLC bought a new stake in BigBear.ai during the 4th quarter worth approximately $1,925,000. Vanguard Group Inc. increased its holdings in shares of BigBear.ai by 32.6% in the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after purchasing an additional 6,790,890 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of 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 purchasing an additional 6,158,665 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than BigBear.ai
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
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.
