Commonwealth Equity Services LLC Buys 61,998 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Commonwealth Equity Services LLC lifted its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 198.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,220 shares of the company’s stock after acquiring an additional 61,998 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BigBear.ai were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BBAI. Victory Capital Management Inc. increased its position in shares of BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 valued at $1,329,000 after buying an additional 8,879 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai during the fourth quarter worth $44,000. Finally, Retirement Income Solutions Inc acquired a new stake in BigBear.ai in the fourth quarter valued at $47,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Trading Down 6.4 %

Shares of BBAI stock opened at $2.85 on Monday. BigBear.ai Holdings, Inc. has a 12-month low of $1.17 and a 12-month high of $10.36. The company has a market capitalization of $822.22 million, a PE ratio of -3.13 and a beta of 3.34. The firm has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $3.39. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares in the company, valued at $814,205.50. This represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by 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.