FMP

FMP

BigBear.ai and SoundHound AI: A Comparative Analysis of Stock Performance

  • BBAI Ultimate Holdings, LLC sold 2.86 million shares of BigBear.ai (NYSE:BBAI), leaving it with 70.39 million shares.
  • BigBear.ai's stock price has seen a modest increase of 13.71% over the year, with a current market capitalization of approximately $784.3 million.
  • SoundHound AI's stock price has surged approximately eightfold in 2024, significantly outperforming BigBear.ai with a market cap nearing $7 billion.

On December 18, 2024, BBAI Ultimate Holdings, LLC, a significant stakeholder in BigBear.ai (NYSE:BBAI), sold 2.86 million shares of the company's common stock at $3.59 each. This transaction leaves BBAI Ultimate Holdings, LLC with around 70.39 million shares. BigBear.ai operates in the competitive artificial intelligence sector, alongside companies like SoundHound AI.

BigBear.ai's stock price currently stands at $3.13, reflecting a decrease of 7.94% or $0.27. The stock has fluctuated between $2.99 and $3.82 today. Over the past year, it has seen a high of $4.80 and a low of $1.17. Despite these fluctuations, BigBear.ai's market capitalization is approximately $784.3 million.

In comparison, SoundHound AI has experienced a significant increase in its stock price, approximately eightfold throughout 2024, boosting its market cap to nearly $7 billion. BigBear.ai, on the other hand, has seen a more modest increase of 13.71% in its stock price. Both companies started the year with market caps below $1 billion.

BigBear.ai's trading volume on the NYSE is 70.3 million shares, indicating active investor interest. As the competition between BigBear.ai and SoundHound AI intensifies, investors are keenly observing their performance. Both companies are striving for superior market performance as they head into 2025.