BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s share price traded up 5.4% during trading on Tuesday . The stock traded as high as $3.97 and last traded at $3.9090. 36,436,723 shares changed hands during trading, a decline of 48% from the average session volume of 69,838,852 shares. The stock had previously closed at $3.71.
Analysts Set New Price Targets
A number of equities analysts have weighed in on BBAI shares. Cantor Fitzgerald lowered BigBear.ai from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Wednesday, January 7th. HC Wainwright reissued a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and a consensus price target of $6.00.
Get Our Latest Analysis on BBAI
BigBear.ai Trading Up 5.4%
Insider Buying and Selling at BigBear.ai
In other news, CFO Sean Raymond Ricker sold 5,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the sale, the chief financial officer directly owned 488,716 shares of the company’s stock, valued at $3,450,334.96. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC increased its stake in BigBear.ai by 617.5% in the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after buying an additional 4,631 shares in the last quarter. CWM LLC lifted its position in shares of BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,265 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,392 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of BigBear.ai by 3,355.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock worth $32,000 after purchasing an additional 4,832 shares in the last quarter. Finally, HM Payson & Co. raised its stake in BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after purchasing an additional 6,169 shares during the period. 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.
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