Private Advisor Group LLC Boosts Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Private Advisor Group LLC boosted its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 107.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,008 shares of the company’s stock after purchasing an additional 15,508 shares during the period. Private Advisor Group LLC’s holdings in BigBear.ai were worth $134,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp increased its position in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Barclays PLC increased its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai in the fourth quarter worth $1,028,000. Finally, Grove Bank & Trust increased its position in shares of BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several recent research reports. Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday. HC Wainwright dropped their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday. Finally, Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $2.50 to $4.00 in a research report on Friday.

BigBear.ai Price Performance

BBAI opened at $3.35 on Friday. The company has a fifty day simple moving average of $5.31 and a 200 day simple moving average of $3.13. The firm has a market cap of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12. BigBear.ai Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $10.36. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

About BigBear.ai

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.