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

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 2.5% during mid-day trading on Monday . The stock traded as high as $4.49 and last traded at $4.3050. 34,072,501 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 49,493,227 shares. The stock had previously closed at $4.20.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBAI. HC Wainwright decreased their price objective on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Cantor Fitzgerald decreased their price objective on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.50.

BigBear.ai Trading Up 2.5%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.08 and a current ratio of 6.08. The business has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.78. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -4.95 and a beta of 3.27.

Insiders Place Their Bets

In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director owned 508,687 shares of the company’s stock, valued at $2,034,748. This represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’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 value of $61,650.00. Following the transaction, the director directly owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,000 shares of company stock valued at $424,950 in the last quarter. 0.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its stake in shares of BigBear.ai by 617.5% during the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock worth $29,000 after purchasing an additional 4,631 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,392 shares during the last quarter. HM Payson & Co. increased its stake in shares of BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock worth $39,000 after purchasing an additional 6,169 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of BigBear.ai during the 1st quarter worth about $41,000. Finally, Krilogy Financial LLC acquired a new position in shares of BigBear.ai during the 1st quarter worth about $43,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.