Alliancebernstein L.P. Trims Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Alliancebernstein L.P. decreased its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 82.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,590 shares of the company's stock after selling 264,340 shares during the quarter. Alliancebernstein L.P.'s holdings in BigBear.ai were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai during the 4th quarter worth about $40,000. Simon Quick Advisors LLC purchased a new position in BigBear.ai during the fourth quarter worth approximately $44,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $47,000. Bay Rivers Group purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $48,000. Finally, Jones Financial Companies Lllp raised its stake in shares of BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock worth $57,000 after buying an additional 12,607 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BBAI shares. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, HC Wainwright dropped their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th.

Insider Transactions at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm'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 transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

BigBear.ai Price Performance

Shares of NYSE:BBAI traded up $0.35 during midday trading on Friday, hitting $3.26. The company had a trading volume of 45,160,140 shares, compared to its average volume of 25,211,899. The business's 50-day simple moving average is $3.73 and its 200-day simple moving average is $3.48. The stock has a market cap of $940.72 million, a price-to-earnings ratio of -3.60 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. BigBear.ai Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $10.36.

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.