BigBear.ai Holdings, Inc. (NYSE:BBAI) Shares Bought by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 64.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,492 shares of the company’s stock after acquiring an additional 7,607 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in BigBear.ai were worth $42,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in BigBear.ai during the first quarter worth $5,390,000. BlackRock Inc. acquired a new stake in BigBear.ai during the second quarter worth $4,858,000. Vanguard Group Inc. increased its stake in BigBear.ai by 129.3% during the third quarter. Vanguard Group Inc. now owns 1,901,954 shares of the company’s stock worth $2,872,000 after acquiring an additional 1,072,487 shares during the last quarter. Raymond James & Associates boosted its position in shares of BigBear.ai by 130.4% during the third quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after buying an additional 423,893 shares during the period. Finally, State Street Corp purchased a new position in shares of BigBear.ai during the second quarter worth $1,098,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $3.00 price target on shares of BigBear.ai in a research report on Monday, March 4th.

BigBear.ai Stock Performance

BBAI opened at $1.60 on Wednesday. BigBear.ai Holdings, Inc. has a 52 week low of $1.16 and a 52 week high of $4.80. The business has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $1.91.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $40.56 million during the quarter, compared to analyst estimates of $42.75 million. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) EPS. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.21 EPS for the current year.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction on Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the transaction, the director now directly owns 159,186,896 shares in the company, valued at $428,212,750.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction on Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the transaction, the director now directly owns 159,186,896 shares in the company, valued at $428,212,750.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 36,250 shares of BigBear.ai stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total value of $75,037.50. Following the completion of the transaction, the chief accounting officer now owns 99,428 shares of the company’s stock, valued at $205,815.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,838,420 shares of company stock worth $15,635,973. Company insiders own 2.00% of the company’s stock.

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.