BigBear.ai Proposes Increasing Authorized Shares to 1 Billion Ahead of Shareholder Vote
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: stocktwits
- Upcoming Shareholder Vote: BigBear.ai's CEO Kevin McAleenan has informed shareholders that the firm is running low on available shares and is urging support for the proposal to increase authorized shares from 500 million to 1 billion, with the voting deadline set for Wednesday at 11:59 PM ET.
- Voting Progress: CFO Sean Ricker stated earlier this month that the company is “97% of the way” to securing the necessary votes, despite the proposal failing to gain enough support last month, indicating heightened shareholder interest in the increase.
- Proxy Firm Endorsements: Proxy shareholder firms ISS and Glass Lewis have both recommended that shareholders vote in favor of the proposal, emphasizing that increasing authorized shares will facilitate financing acquisitions, employee stock compensation, and future growth initiatives.
- Positive Market Sentiment: Although the company's shares have fallen 2.4% year-to-date, retail sentiment around BBAI on Stocktwits has trended bullish, reflecting investor confidence in the company's growth prospects.
Analyst Views on BBAI
Wall Street analysts forecast BBAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBAI is 6.33 USD with a low forecast of 5.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 5.710
Low
5.00
Averages
6.33
High
8.00
Current: 5.710
Low
5.00
Averages
6.33
High
8.00
About BBAI
BigBear.ai Holdings, Inc. is a provider of artificial intelligence (AI)-powered decision intelligence solutions for national security, supply chain management and digital identity. The Company is a technology-led solutions organization, providing both software and services to its customers. It combines subject-matter expertise with technology to connect the enterprise, provide insights on process performance and recommendations for managing risk. It offers computer vision, anomaly/event detection, and descriptive and predictive analytics to support operations and break down silos between vendors and systems. The Company’s customers span the public and private sector, including the United States defense and intelligence agencies, border protection, transportation security, manufacturing, distribution and logistics, as well as travel, entertainment and tourism. It also offers software assets that are tailored for digital identity and biometrics, leveraging advanced vision AI technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
