Rhumbline Advisers Buys 32,829 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Rhumbline Advisers increased its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 41.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,825 shares of the company’s stock after acquiring an additional 32,829 shares during the period. Rhumbline Advisers’ holdings in BigBear.ai were worth $498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Simon Quick Advisors LLC purchased a new stake in BigBear.ai in the 4th quarter valued at about $44,000. Bay Rivers Group purchased a new stake in shares of BigBear.ai during the 4th quarter worth approximately $48,000. Apollon Wealth Management LLC purchased a new stake in shares of BigBear.ai during the 4th quarter worth approximately $65,000. Choreo LLC bought a new position in BigBear.ai in the 4th quarter worth approximately $67,000. Finally, Intech Investment Management LLC bought a new position in BigBear.ai in the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

BigBear.ai Trading Down 20.3 %

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

Analyst Upgrades and Downgrades

BBAI has been the subject of several analyst reports. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the company from $2.50 to $4.00 in a report on Friday. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday. HC Wainwright decreased their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Cantor Fitzgerald decreased their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday.

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.