Blair William & Co. IL Acquires New Stake in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Blair William & Co. IL acquired a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 233,380 shares of the company's stock, valued at approximately $1,039,000. Blair William & Co. IL owned 0.09% of BigBear.ai at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cape Investment Advisory Inc. bought a new position in BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the fourth quarter worth $44,000. Retirement Income Solutions Inc bought a new position in shares of BigBear.ai in the fourth quarter valued at $47,000. Bay Rivers Group acquired a new position in shares of BigBear.ai during the fourth quarter valued at about $48,000. Finally, Jones Financial Companies Lllp increased its position in shares of BigBear.ai by 4,202.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after acquiring an additional 12,607 shares in the last quarter. Institutional investors own 7.55% of the company's stock.

Insider Activity

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction on Monday, January 6th. The shares were 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. The trade was a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,372 shares of company stock valued at $435,627 in the last three months. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BBAI. Cantor Fitzgerald dropped their price target 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, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright dropped their price target 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, March 7th. Finally, Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

BigBear.ai Stock Performance

Shares of NYSE:BBAI traded down $0.20 during midday trading on Friday, reaching $2.85. The company had a trading volume of 51,325,671 shares, compared to its average volume of 23,017,610. The stock has a market cap of $822.22 million, a P/E ratio of -3.13 and a beta of 3.34. The company's 50 day moving average price is $4.97 and its 200 day moving average price is $3.39. 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 52-week low of $1.17 and a 52-week high of $10.36.

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.