Vontobel Holding Ltd. Purchases Shares of 53,460 BigBear.ai Holdings, Inc. (NYSE:BBAI)

Vontobel Holding Ltd. purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 53,460 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Simon Quick Advisors LLC purchased a new position in BigBear.ai during the 4th quarter worth $44,000. Bay Rivers Group purchased a new position in BigBear.ai during the 4th quarter worth $48,000. Apollon Wealth Management LLC purchased a new position in BigBear.ai during the 4th quarter worth $65,000. Choreo LLC purchased a new position in BigBear.ai during the 4th quarter worth $67,000. Finally, XTX Topco Ltd boosted its holdings in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Price Performance

NYSE BBAI opened at $6.80 on Friday. The company has a market cap of $1.71 billion, a PE ratio of -7.47 and a beta of 3.17. BigBear.ai Holdings, Inc. has a 52 week low of $1.16 and a 52 week high of $10.36. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm’s 50-day simple moving average is $5.00 and its two-hundred day simple moving average is $2.89.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

Insider Activity

In other news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 over the last ninety days. Company insiders own 1.40% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.