BigBear.ai (NYSE:BBAI) Reaches New 1-Year Low – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAIGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $2.76 and last traded at $2.7550, with a volume of 3109395 shares traded. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday, July 17th. Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.50.

View Our Latest Report on BigBear.ai

BigBear.ai Stock Down 0.9%

The firm’s 50-day simple moving average is $3.82 and its 200 day simple moving average is $4.18. 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 stock has a market capitalization of $1.35 billion, a P/E ratio of -3.25 and a beta of 3.32.

Insider Transactions at BigBear.ai

In related news, CFO Sean Raymond Ricker sold 10,000 shares of the 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 directly owned 609,256 shares of the company’s stock, valued at approximately $2,638,078.48. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dorothy D. Hayes sold 15,000 shares of the firm’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 completion of the transaction, the director owned 204,150 shares of the company’s stock, valued at approximately $839,056.50. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. Invesco Ltd. grew its stake in shares of BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after buying an additional 5,579 shares in the last quarter. AQR Capital Management LLC acquired a new position in BigBear.ai during the first quarter worth $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BigBear.ai by 54.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after acquiring an additional 160,096 shares in the last quarter. NewEdge Advisors LLC raised its position in BigBear.ai by 441.1% during the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock worth $213,000 after acquiring an additional 60,583 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

About BigBear.ai

(Get Free Report)

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.

Further Reading

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