Free Trial

Headlands Technologies LLC Makes New Investment in BigBear.ai Holdings, Inc. (NYSE:BBAI)

BigBear.ai logo with Computer and Technology background

Key Points

  • Headlands Technologies LLC acquired a new stake in BigBear.ai Holdings, purchasing 631,344 shares valued at approximately $1.8 million, representing about 0.22% of the company.
  • In recent insider activity, CFO Julie Peffer sold 50,000 shares at an average price of $4.40, while Director Dorothy D. Hayes sold 26,000 shares at $3.60, indicating reduced ownership for both.
  • BigBear.ai's stock has seen a 7.9% increase recently, with analysts from HC Wainwright raising the price target from $6.00 to $9.00, maintaining a "buy" rating.
  • Need Better Tools to Track BigBear.ai? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Headlands Technologies LLC purchased a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 631,344 shares of the company's stock, valued at approximately $1,806,000. Headlands Technologies LLC owned about 0.22% of BigBear.ai as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BBAI. City State Bank bought a new position in BigBear.ai during the first quarter worth $29,000. Cornerstone Wealth Management LLC acquired a new stake in BigBear.ai during the 1st quarter worth about $29,000. Captrust Financial Advisors bought a new position in shares of BigBear.ai in the 4th quarter worth about $45,000. Blue Bell Private Wealth Management LLC lifted its stake in BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after buying an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of BigBear.ai during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 7.55% of the company's stock.

Insider Activity at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director owned 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,924 shares of company stock valued at $473,416. 1.10% of the stock is currently owned by corporate insiders.

BigBear.ai Stock Up 7.9%

Shares of NYSE BBAI traded up $0.52 during trading on Friday, hitting $7.13. The stock had a trading volume of 86,752,397 shares, compared to its average volume of 93,335,896. BigBear.ai Holdings, Inc. has a 12 month low of $1.20 and a 12 month high of $10.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day moving average of $6.00 and a two-hundred day moving average of $4.81. The company has a market capitalization of $2.08 billion, a PE ratio of -9.14 and a beta of 3.44.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on BBAI

BigBear.ai Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for BigBear.ai (NYSE:BBAI)

Should You Invest $1,000 in BigBear.ai Right Now?

Before you consider BigBear.ai, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BigBear.ai wasn't on the list.

While BigBear.ai currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

The Next Palantir? AI-Defense Stock Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines