Cape Investment Advisory Inc. Makes New Investment in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Cape Investment Advisory Inc. acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,000 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. State Street Corp raised its holdings in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Sargent Investment Group LLC purchased a new position in shares of BigBear.ai during the fourth quarter worth approximately $1,028,000. Sovereign Financial Group Inc. grew its position in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after acquiring an additional 174,815 shares during the last quarter. Finally, Barclays PLC grew its position in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

Analyst Ratings Changes

BBAI has been the topic of a number of research reports. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Activity at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 in the last three months. Insiders own 1.40% of the company’s stock.

BigBear.ai Stock Performance

Shares of BBAI opened at $5.19 on Monday. The company’s 50 day simple moving average is $5.24 and its 200-day simple moving average is $3.06. BigBear.ai Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $10.36. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.30 billion, a PE ratio of -5.70 and a beta of 3.17.

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.