PFG Advisors Makes New $177,000 Investment in BigBear.ai Holdings, Inc. (NYSE:BBAI)

PFG Advisors acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,750 shares of the company’s stock, valued at approximately $177,000.

Several other large investors also recently made changes to their positions in BBAI. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai in the fourth quarter valued at $44,000. Retirement Income Solutions Inc bought a new position in BigBear.ai in the fourth quarter valued at $47,000. Bay Rivers Group bought a new position in BigBear.ai in the fourth quarter valued at $48,000. Finally, Jones Financial Companies Lllp grew its position in BigBear.ai by 4,202.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock valued at $57,000 after purchasing an additional 12,607 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Performance

Shares of BBAI opened at $3.52 on Monday. The firm has a 50-day moving average of $5.17 and a 200-day moving average of $3.22. BigBear.ai Holdings, Inc. has a one year low of $1.17 and a one year high of $10.36. The company has a market cap of $1.00 billion, a PE ratio of -3.86 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Analyst Ratings Changes

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

Insider Activity

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

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.