LPL Financial LLC Buys 113,253 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

LPL Financial LLC lifted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 316.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,098 shares of the company's stock after purchasing an additional 113,253 shares during the period. LPL Financial LLC owned 0.06% of BigBear.ai worth $663,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. 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 worth $208,000 after acquiring an additional 107,214 shares during the period. Geode Capital Management LLC grew its holdings in BigBear.ai by 28.6% during the 3rd 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 in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after acquiring an additional 174,815 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price objective 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. HC Wainwright reduced 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, Cantor Fitzgerald lowered 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.

BigBear.ai Trading Up 8.1 %

Shares of BigBear.ai stock traded up $0.22 during trading on Thursday, hitting $2.92. The stock had a trading volume of 35,067,722 shares, compared to its average volume of 25,118,515. The stock has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $3.48. The company has a market capitalization of $843.90 million, a PE ratio of -3.21 and a beta of 3.34. The company has a quick ratio of 2.06, a current 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.

Insider Activity

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction 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 directly owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.