BigBear.ai (NYSE:BBAI) Shares Up 2.5% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were up 2.5% during mid-day trading on Friday . The company traded as high as $3.56 and last traded at $3.4950. Approximately 40,243,760 shares traded hands during trading, a decline of 16% from the average session volume of 47,690,473 shares. The stock had previously closed at $3.41.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. Cantor Fitzgerald lowered their price target on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report 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 objective on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Price Performance

The firm has a 50 day simple moving average of $4.12 and a 200-day simple moving average of $4.57. The company has a quick ratio of 6.08, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.67 billion, a PE ratio of -4.02 and a beta of 3.27.

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares in the company, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the 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 completion of the sale, the director owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their ownership of the stock. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in BigBear.ai by 18.4% in the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock valued at $176,555,000 after buying an additional 5,090,508 shares during the last quarter. UBS Group AG raised its position in BigBear.ai by 145.7% during the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after buying an additional 6,158,665 shares during the last quarter. State Street Corp raised its position in BigBear.ai by 33.6% during the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock worth $55,507,000 after buying an additional 2,584,278 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $55,347,000 after acquiring an additional 2,706,195 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $46,675,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.