Universal Beteiligungs und Servicegesellschaft mbH Makes New $115,000 Investment in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in BigBear.ai, purchasing 40,292 shares valued at approximately $115,000.
• Analysts at HC Wainwright have raised their target price for BigBear.ai from $6.00 to $9.00 and have given the stock a "buy" rating.
• BigBear.ai's market cap stands at $2.05 billion, and the stock has fluctuated between a fifty-two week low of $1.17 and a high of $10.36.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,292 shares of the company's stock, valued at approximately $115,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after purchasing an additional 23,994 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after acquiring an additional 5,591 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of BigBear.ai by 21.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock valued at $178,000 after acquiring an additional 7,177 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after acquiring an additional 3,797 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of BigBear.ai by 219.6% during the fourth quarter. MetLife Investment Management LLC now owns 63,378 shares of the company's stock valued at $282,000 after acquiring an additional 43,547 shares in the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the company'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 value of $93,600.00. Following the completion of the sale, the director owned 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 141,924 shares of company stock valued at $538,416 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

BigBear.ai Stock Down 4.6%

Shares of BBAI stock traded down $0.33 on Wednesday, hitting $6.72. The stock had a trading volume of 56,560,218 shares, compared to its average volume of 103,086,600. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $5.84 and a 200 day moving average price of $4.76. The company has a market cap of $1.96 billion, a PE ratio of -8.61 and a beta of 3.44. BigBear.ai Holdings, Inc. has a one year low of $1.17 and a one year high of $10.36.

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.