BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price traded down 3.3% on Wednesday . The stock traded as low as $3.27 and last traded at $3.3180. Approximately 23,180,862 shares were traded during trading, a decline of 50% from the average session volume of 46,606,215 shares. The stock had previously closed at $3.43.
Wall Street Analyst Weigh In
BBAI has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note 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 equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.50.
Read Our Latest Analysis on BBAI
BigBear.ai Stock Down 3.3%
Insider Transactions at BigBear.ai
In other BigBear.ai news, Director Dorothy D. Hayes sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The stock was 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 trade represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $43,300.00. Following the completion of the transaction, the chief financial officer owned 609,256 shares of the company’s stock, valued at $2,638,078.48. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.
Hedge Funds Weigh In On BigBear.ai
Several hedge funds have recently added to or reduced their stakes in BBAI. Farther Finance Advisors LLC raised its holdings in shares of BigBear.ai by 6.4% in the fourth quarter. Farther Finance Advisors LLC now owns 31,207 shares of the company’s stock valued at $169,000 after buying an additional 1,865 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of BigBear.ai by 11.8% during the first quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock worth $80,000 after buying an additional 2,391 shares during the last quarter. PNC Financial Services Group Inc. increased its position in BigBear.ai by 150.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares during the period. NewEdge Advisors LLC increased its position in BigBear.ai by 3.4% in the 4th quarter. NewEdge Advisors LLC now owns 124,239 shares of the company’s stock valued at $671,000 after acquiring an additional 4,073 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in BigBear.ai by 29.2% during the 1st quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company’s stock valued at $65,000 after acquiring an additional 4,159 shares during the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
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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