BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price rose 5.3% during mid-day trading on Thursday . The company traded as high as $4.15 and last traded at $4.14. Approximately 40,080,311 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 67,928,625 shares. The stock had previously closed at $3.93.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, January 21st. HC Wainwright reissued a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald lowered BigBear.ai from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Wednesday, January 7th. Finally, Wall Street Zen cut BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.00.
Read Our Latest Report on BigBear.ai
BigBear.ai Price Performance
Insider Transactions at BigBear.ai
In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of BigBear.ai stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total transaction of $35,300.00. Following the completion of the sale, the chief financial officer owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in BigBear.ai by 56.5% in the fourth quarter. Invesco Ltd. now owns 250,973 shares of the company’s stock valued at $1,355,000 after purchasing an additional 90,612 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in BigBear.ai during the fourth quarter worth about $149,000. NewEdge Advisors LLC grew its position in shares of BigBear.ai by 3.4% during the 4th quarter. NewEdge Advisors LLC now owns 124,239 shares of the company’s stock worth $671,000 after buying an additional 4,073 shares during the period. VARCOV Co. bought a new stake in shares of BigBear.ai in the 4th quarter valued at about $240,000. Finally, SummitTX Capital L.P. raised its position in shares of BigBear.ai by 322.9% in the 4th quarter. SummitTX Capital L.P. now owns 45,058 shares of the company’s stock valued at $243,000 after acquiring an additional 34,404 shares during the period. 7.55% of the stock is currently owned by institutional investors.
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.
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