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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price shot up 2.5% during mid-day trading on Friday . The company traded as high as $3.56 and last traded at $3.4950. Approximately 40,243,760 shares traded hands during trading, a decline of 16% from the average session volume of 47,690,473 shares. The stock had previously closed at $3.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BBAI shares. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday, April 20th. HC Wainwright dropped their price target 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. Finally, Cantor Fitzgerald dropped their price target 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. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.50.

BigBear.ai Price Performance

The firm has a market cap of $1.67 billion, a P/E ratio of -4.02 and a beta of 3.27. 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 stock’s 50-day simple moving average is $4.12 and its two-hundred day simple moving average is $4.57.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 in the company, valued at approximately $839,056.50. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of BigBear.ai by 18.4% during the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after acquiring an additional 5,090,508 shares during the period. UBS Group AG boosted its holdings in shares of BigBear.ai by 145.7% in the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after purchasing an additional 6,158,665 shares during the period. State Street Corp boosted its holdings in shares of BigBear.ai by 33.6% in the fourth quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after purchasing an additional 2,584,278 shares during the period. Geode Capital Management LLC grew its stake in BigBear.ai by 35.9% in the fourth quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock worth $55,347,000 after purchasing an additional 2,706,195 shares in the last quarter. Finally, Van ECK Associates Corp bought a new position in BigBear.ai in the fourth quarter worth approximately $46,675,000. 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.