Oppenheimer & Co. Inc. Invests $325,000 in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Oppenheimer & Co. Inc. bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,970 shares of the company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the fourth quarter valued at about $44,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai during the 4th quarter worth approximately $47,000. Bay Rivers Group purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $48,000. Apollon Wealth Management LLC purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $65,000. Finally, Choreo LLC acquired a new position in BigBear.ai during the fourth quarter worth $67,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday. HC Wainwright reduced their price target 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. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday.

BigBear.ai Price Performance

BBAI stock opened at $3.35 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock’s 50 day moving average price is $5.29 and its 200 day moving average price is $3.15. The firm has a market cap of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36.

Insider Activity

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

BigBear.ai 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.