Blair William & Co. IL Acquires 49,630 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Key Points

• Blair William & Co. IL increased its ownership in BigBear.ai by 21.3%, acquiring an additional 49,630 shares, bringing its total to 283,010 shares valued at approximately $809,000.
• HC Wainwright raised the price target for BigBear.ai from $6.00 to $9.00 and issued a "buy" rating, indicating positive growth prospects for the company.
• BigBear.ai stock has been trading up by 7.9%, with a current share price of $7.13, contributing to a market cap of $2.08 billion.

Blair William & Co. IL increased its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 21.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 283,010 shares of the company's stock after buying an additional 49,630 shares during the quarter. Blair William & Co. IL owned about 0.10% of BigBear.ai worth $809,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. City State Bank bought a new stake in BigBear.ai in the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC bought a new stake in BigBear.ai in the 1st quarter worth about $29,000. Captrust Financial Advisors bought a new stake in BigBear.ai in the 4th quarter worth about $45,000. Blue Bell Private Wealth Management LLC grew its stake in shares of BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after purchasing an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of BigBear.ai during the 1st quarter valued at about $34,000. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price target on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Trading Up 7.9%

BigBear.ai stock opened at $7.13 on Monday. The business has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $4.82. The company has a market cap of $2.08 billion, a P/E ratio of -9.14 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 52-week low of $1.20 and a 52-week high of $10.36. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

Insider Transactions at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director directly owned 255,239 shares in the company, valued at approximately $918,860.40. The trade was a 9.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer owned 634,153 shares of the company's stock, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,924 shares of company stock valued at $473,416. Corporate insiders own 1.10% of the company's stock.

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.

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