BigBear.ai (NYSE:BBAI) Trading 2.9% Higher – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 2.9% on Thursday . The company traded as high as $4.15 and last traded at $4.1350. 29,944,525 shares traded hands during trading, a decline of 39% from the average session volume of 49,150,824 shares. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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 note on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Monday, April 20th. Wall Street Zen upgraded shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, HC Wainwright reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note 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, the company currently has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Price Performance

The company has a market cap of $1.92 billion, a price-to-earnings ratio of -4.61 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. The company’s 50 day moving average price is $4.06 and its 200 day moving average price is $4.73.

Insider Transactions at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer owned 609,256 shares in the company, valued at approximately $2,638,078.48. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the sale, the director owned 204,150 shares of the company’s stock, valued at $839,056.50. This trade represents a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 105,000 shares of company stock worth $424,950. Company insiders own 0.57% of the company’s stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after purchasing an additional 4,631 shares during the period. PNC Financial Services Group Inc. increased its holdings in BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares in the last quarter. HM Payson & Co. increased its holdings 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 acquiring an additional 6,169 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in BigBear.ai by 2,242.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company’s stock valued at $53,000 after acquiring an additional 7,850 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in BigBear.ai by 218.1% during the 3rd quarter. IFP Advisors Inc now owns 9,559 shares of the company’s stock valued at $62,000 after acquiring an additional 6,554 shares in the last quarter. 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.