BigBear.AI Stock Surges on CEO Change: Details – BigBear.ai Holdings (NYSE:BBAI)

BigBear.ai Company BBAI Shares were higher in after-hours trading Wednesday after the company announced a CEO transition.

What happened: BigBear.ai has appointed Kevin McAleenan as chief executive officer and member of the company’s board of directors, effective Wednesday. McAleenan will succeed Mandy Longwho is transitioning into an advisory role.

McAleenan currently serves as President of BigBear.ai. He has extensive government experience, having served as Acting Secretary of Homeland Security during the President-elect’s term Donald Trump’s The first government.

“Today marks an important next step for the business. There is strong demand from governments and enterprises for differentiated artificial intelligence solutions that deliver strategic advantages, and the combination of recent technology achievements and strategic contract awards positions BigBear.ai as a leader focused on national security needs. Artificial intelligence solution provider. Peter CanitoChairman of the Board of Directors of BigBear.ai.

“Kevin has served at the highest levels of government and has a deep understanding of current national security priorities and the challenges facing our mission partners, giving BigBear.ai a deep understanding of how to most effectively use artificial intelligence to maximize Influence.

See also: UnitedHealth Group fourth-quarter earnings preview: First report since murder of insurance company CEO raises questions about company’s future

Wall Street analysts rate BigBear.ai as a Buy overall given its notification history over the past three months. Scott Buck of HC Wainwright & Co. is the most optimistic, predicting the stock will rise 133.33% in the coming year.

However, to see how the market as a whole views a stock, you can look to historical price movements and get a sense of whether investors have strong feelings about the stock. BigBear.ai has gained 97.09% over the past three months, indicating an improvement in sentiment towards the business and its attractiveness based on fundamentals such as its share price or revenue, which has grown 22.12% over the past year.

Here’s a complete overview of how Wall Street views individual stocks, while live updates on the latest analyst action will be available via Benzinga Pro. Free trial.

BBAI Price Trend: BigBear.ai shares rose 4.42% to $3.54 after the bell on Wednesday, according to Benzinga Pro.

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