Raymond James Financial Inc. Takes Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Raymond James Financial Inc. bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 138,988 shares of the company's stock, valued at approximately $618,000. Raymond James Financial Inc. owned approximately 0.06% of BigBear.ai as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in BigBear.ai during the 3rd quarter valued at $61,000. State Street Corp lifted its holdings in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares during the period. XTX Topco Ltd boosted its stake in BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock valued at $89,000 after buying an additional 22,363 shares in the last quarter. Barclays PLC grew its holdings in 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. Finally, Geode Capital Management LLC raised its position 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 in the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

Analysts Set New Price Targets

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

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BigBear.ai Trading Down 7.6 %

Shares of BBAI stock traded down $0.24 during trading hours on Thursday, reaching $2.87. 46,612,221 shares of the stock traded hands, compared to its average volume of 23,755,450. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $828.01 million, a PE ratio of -3.15 and a beta of 3.34. BigBear.ai Holdings, Inc. has a 1-year low of $1.17 and a 1-year high of $10.36. The business has a fifty day moving average price of $4.84 and a 200 day moving average price of $3.42.

Insiders Place Their Bets

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was 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 directly owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.