BigBear.ai (NYSE:BBAI) Trading Up 3.7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares shot up 3.7% during trading on Monday . The company traded as high as $3.65 and last traded at $3.6080. 29,606,929 shares were traded 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BBAI shares. Wall Street Zen upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. HC Wainwright reduced their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald decreased 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Price Performance

The company’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $4.55. The company has a market cap of $1.73 billion, a P/E ratio of -4.15 and a beta of 3.27. The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, Director Dorothy D. Hayes sold 15,000 shares of the business’s 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 completion of the sale, the director directly owned 204,150 shares of the company’s stock, valued at $839,056.50. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sean Raymond Ricker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $43,300.00. Following the sale, the chief financial officer owned 609,256 shares in the company, valued at $2,638,078.48. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BBAI. Empowered Funds LLC bought a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $53,000. DV Trading LLC lifted its stake in BigBear.ai by 160.8% during the first quarter. DV Trading LLC now owns 13,344 shares of the company’s stock worth $47,000 after purchasing an additional 8,227 shares during the last quarter. Amundi bought a new position in BigBear.ai during the first quarter worth $74,000. California State Teachers Retirement System boosted its holdings in BigBear.ai by 30.4% in the first quarter. California State Teachers Retirement System now owns 541,731 shares of the company’s stock worth $1,907,000 after purchasing an additional 126,303 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in BigBear.ai by 108.0% in the first quarter. Quantinno Capital Management LP now owns 34,010 shares of the company’s stock worth $120,000 after purchasing an additional 17,660 shares during the period. Institutional investors and hedge funds 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.