BigBear.ai Inc BBAI shares are trading higher in Wednesday’s after-hours session after the company announced a chief executive transition.

What Happened: BigBear.ai has appointed Kevin McAleenan as CEO and a member of the company’s board, effective as of Wednesday. McAleenan will replace Mandy Long, who is transitioning to an advisory role.

McAleenan currently serves as BigBear.ai’s president. He has extensive government experience and previously served as Acting Secretary of the U.S. Department of Homeland Security during President-elect Donald Trump’s first administration.

“Today marks an important next step for the business. The demand for differentiated artificial intelligence solutions to provide strategic advantage in government and business is strong and the combination of recent technological achievements and strategic contract awards have positioned BigBear.ai as a leading AI solutions provider focused on national security imperatives,” said Peter Cannito, chair of BigBear.ai’s board.

“Having served at the highest levels of government, Kevin brings an intimate understanding of current national security priorities and the challenges faced by our mission partners, providing BigBear.ai with a deep understanding of how artificial intelligence can be most effectively leveraged to maximize impact.”

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Is BBAI A Good Stock To Buy?

Wall Street analysts view BigBear.ai on the whole as a Buy, given the history of coverage over the past three months. Scott Buck from HC Wainwright & Co. is the most optimistic, expecting a 133.33% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past three months, BigBear.ai rose 97.09%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price or underlying fundamentals, such as revenue, which rose 22.12% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real-time updates on the latest analyst actions will be delivered via Benzinga Pro. Try it for free.

BBAI Price Action: BigBear.ai shares were up 4.42% at $3.54 after-hours Wednesday, according to Benzinga Pro.

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