BigBear.ai (NYSE:BBAI) Trading 3.7% Higher – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 3.7% on Monday . The stock traded as high as $3.65 and last traded at $3.6080. 29,606,929 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 47,575,445 shares. The stock had previously closed at $3.48.

Analysts Set New Price Targets

BBAI has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, HC Wainwright cut 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. One research 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. According to data from MarketBeat, BigBear.ai currently has an average rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Trading Down 1.0%

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08. The business’s 50-day moving average is $4.11 and its 200 day moving average is $4.50. The firm has a market capitalization of $1.74 billion, a P/E ratio of -4.18 and a beta of 3.27.

Insider Buying and Selling

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $4.33, for a total transaction of $43,300.00. Following the transaction, the chief financial officer owned 609,256 shares in the company, valued at $2,638,078.48. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of BigBear.ai stock in a transaction on 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 transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of BigBear.ai by 26.4% during the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after buying an additional 5,579 shares during the last quarter. AQR Capital Management LLC acquired a new position in BigBear.ai during the 1st quarter worth about $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock valued at $1,306,000 after buying an additional 160,096 shares during the last quarter. NewEdge Advisors LLC increased its stake 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 buying an additional 60,583 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after acquiring an additional 1,990,822 shares during the last quarter. 7.55% of the stock is owned by 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.