14,500 Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,500 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in 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 during the period. State Street Corp increased its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares during the period. Sargent Investment Group LLC purchased a new stake in shares of BigBear.ai in the 4th quarter worth about $1,028,000. Sovereign Financial Group Inc. lifted its position in shares of BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares during the period. Finally, Barclays PLC increased its position in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Down 7.8 %

NYSE:BBAI opened at $9.02 on Friday. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $10.36. The company has a market capitalization of $2.27 billion, a PE ratio of -9.91 and a beta of 3.17. The firm’s 50-day moving average price is $4.50 and its 200-day moving average price is $2.67. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Analyst Upgrades and Downgrades

Several brokerages have commented on BBAI. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the 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 directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is currently owned by company insiders.

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.