Thoroughbred Financial Services LLC Acquires New Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Thoroughbred Financial Services LLC bought a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 4th quarter, HoldingsChannel reports. The fund bought 17,000 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors have also made changes to their positions in BBAI. Cape Investment Advisory Inc. purchased a new position in shares of BigBear.ai during the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the fourth quarter worth $44,000. Retirement Income Solutions Inc purchased a new position in shares of BigBear.ai during the fourth quarter worth $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai in the fourth quarter valued at $48,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of BigBear.ai by 4,202.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock valued at $57,000 after buying an additional 12,607 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

BigBear.ai Stock Performance

Shares of BBAI opened at $2.93 on Tuesday. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36. The stock has a market capitalization of $845.35 million, a PE ratio of -3.21 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a 50-day simple moving average of $4.95 and a 200-day simple moving average of $3.40.

Insider Activity at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company’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 transaction, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at $814,205.50. This represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

BigBear.ai Company 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.