TRUE Private Wealth Advisors Acquires New Stake in BigBear.ai Holdings, Inc. (NYSE:BBAI)

TRUE Private Wealth Advisors acquired a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,493 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares during the last quarter. Victory Capital Management Inc. increased its position in BigBear.ai by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after buying an additional 2,332 shares in the last quarter. Wells Fargo & Company MN increased its position in BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock worth $349,000 after buying an additional 3,797 shares in the last quarter. JPMorgan Chase & Co. increased its position in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after buying an additional 5,591 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after buying an additional 8,879 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Price Performance

Shares of BigBear.ai stock opened at $3.09 on Thursday. The stock has a 50 day moving average of $4.87 and a 200 day moving average of $3.41. BigBear.ai Holdings, Inc. has a 12 month low of $1.17 and a 12 month high of $10.36. The firm has a market cap of $891.59 million, a PE ratio of -3.39 and a beta of 3.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on BBAI shares. Cantor Fitzgerald reduced 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 Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $2.50 to $4.00 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 dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

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.