Raymond James & Associates Cuts Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Raymond James & Associates reduced its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 51.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,998 shares of the company’s stock after selling 388,951 shares during the period. Raymond James & Associates’ holdings in BigBear.ai were worth $770,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Koshinski Asset Management Inc. acquired a new stake in BigBear.ai in the 3rd quarter valued at $91,000. Vontobel Holding Ltd. purchased a new stake in shares of BigBear.ai in the third quarter worth about $54,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of BigBear.ai by 221.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,000 shares of the company’s stock worth $51,000 after buying an additional 23,425 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of BigBear.ai in the third quarter valued at about $48,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Insider Activity

In other news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the completion of the sale, the director now owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the transaction, the director now directly owns 159,186,896 shares in the company, valued at $428,212,750.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 101,751 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $2.44, for a total value of $248,272.44. Following the completion of the sale, the chief accounting officer now directly owns 161,830 shares of the company’s stock, valued at $394,865.20. The disclosure for this sale can be found here. In the last three months, insiders sold 5,838,420 shares of company stock worth $15,635,973. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Monday, March 4th.

BigBear.ai Price Performance

BigBear.ai stock opened at $1.71 on Wednesday. The firm’s fifty day moving average price is $2.27 and its 200 day moving average price is $1.91. The company has a market capitalization of $413.68 million, a price-to-earnings ratio of -4.06 and a beta of 3.69. BigBear.ai Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $4.80.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $40.56 million during the quarter, compared to analyst estimates of $42.75 million. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) earnings per share. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.21 earnings per share for the current fiscal year.

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.