BigBear.ai Holdings, Inc. (NYSE:BBAI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 227,160 shares of the company’s stock after selling 4,429 shares during the period. Bank of New York Mellon Corp’s holdings in BigBear.ai were worth $1,011,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings 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 during the last quarter. 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 purchasing an additional 267,673 shares during the period. Sargent Investment Group LLC acquired a new stake in BigBear.ai in the fourth quarter worth $1,028,000. Sovereign Financial Group Inc. lifted its stake in BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after buying an additional 174,815 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 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 recently weighed in on the stock. Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

Insider Activity

In other BigBear.ai news, 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 value of $297,630.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 over the last three months. Corporate insiders own 1.40% of the company’s stock.

BigBear.ai Stock Up 20.0 %

BigBear.ai stock opened at $3.57 on Tuesday. BigBear.ai Holdings, Inc. has a 52 week low of $1.17 and a 52 week high of $10.36. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -3.92 and a beta of 3.12. The company’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $3.29. 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 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.