TRUE Private Wealth Advisors Buys Shares of 65,493 BigBear.ai Holdings, Inc. (NYSE:BBAI)

TRUE Private Wealth Advisors bought a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 65,493 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of BigBear.ai in the 4th quarter worth $325,000. Barclays PLC boosted its position in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after purchasing an additional 8,879 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

Analyst Ratings Changes

BBAI has been the subject of a number of research reports. Northland Securities cut 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. Cantor Fitzgerald lowered their price target on 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 Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, HC Wainwright lowered their price target 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.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai 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 transaction, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

BigBear.ai Stock Performance

NYSE BBAI opened at $3.09 on Thursday. The stock has a 50-day simple moving average of $4.87 and a two-hundred day simple moving average of $3.41. The firm has a market capitalization of $891.59 million, a P/E ratio of -3.39 and a beta of 3.34. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.17 and a fifty-two week high of $10.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

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.