Harbour Investments Inc. Acquires 120,996 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Harbour Investments Inc. increased its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 1,406.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,596 shares of the company's stock after acquiring an additional 120,996 shares during the quarter. Harbour Investments Inc. owned approximately 0.05% of BigBear.ai worth $577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after acquiring an additional 61,998 shares in the last quarter. PFG Advisors purchased a new position in BigBear.ai during the 4th quarter worth approximately $177,000. Raymond James Financial Inc. acquired a new stake in BigBear.ai during the 4th quarter valued at $618,000. Victory Capital Management Inc. lifted its holdings in shares of BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after purchasing an additional 2,332 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after buying an additional 8,879 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now owns 137,838 shares of the company's stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction on Monday, January 6th. The stock was 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 of the company's stock, valued at approximately $11,004,520.50. This represents a 2.63 % 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. Insiders own 1.40% of the company's stock.

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BigBear.ai Stock Up 20.0 %

NYSE BBAI traded up $0.60 on Monday, reaching $3.57. The stock had a trading volume of 48,583,158 shares, compared to its average volume of 21,813,085. 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. The business has a 50 day moving average price of $5.12 and a 200 day moving average price of $3.28. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -3.92 and a beta of 3.12.

Analyst Ratings Changes

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

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.