Zurcher Kantonalbank Zurich Cantonalbank Purchases Shares of 33,655 BigBear.ai Holdings, Inc. (NYSE:BBAI)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,655 shares of the company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. City State Bank bought a new stake in shares of BigBear.ai in the 1st quarter valued at $29,000. Cornerstone Wealth Management LLC bought a new stake in shares of BigBear.ai in the 1st quarter valued at $29,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the 4th quarter valued at $45,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of BigBear.ai by 2,216.0% in 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 last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of BigBear.ai in the 1st quarter valued at $34,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price objective on shares of BigBear.ai from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st.

Insider Buying and Selling at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction 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 transaction, the director directly owned 255,239 shares of the company’s stock, valued at $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,924 shares of company stock worth $473,416. 1.10% of the stock is owned by insiders.

BigBear.ai Trading Up 7.9%

NYSE:BBAI opened at $7.13 on Monday. The firm’s fifty day moving average is $6.00 and its 200-day moving average is $4.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. BigBear.ai Holdings, Inc. has a 52 week low of $1.20 and a 52 week high of $10.36. The firm has a market cap of $2.08 billion, a P/E ratio of -9.14 and a beta of 3.44.

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.