Barclays PLC grew its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 310.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,766 shares of the company's stock after acquiring an additional 107,214 shares during the quarter. Barclays PLC owned about 0.06% of BigBear.ai worth $208,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after purchasing an additional 479,401 shares during the period. State Street Corp lifted its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares during the period. Bank of Montreal Can boosted its stake in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after buying an additional 643,570 shares during the last quarter. Bank of New York Mellon Corp increased its position in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after acquiring an additional 189,593 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock valued at $154,000 after acquiring an additional 68,663 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.
BigBear.ai Stock Up 0.6 %
Shares of BBAI traded up $0.03 during midday trading on Wednesday, reaching $4.44. 40,115,227 shares of the stock were exchanged, compared to its average volume of 37,492,859. BigBear.ai Holdings, Inc. has a 52 week low of $1.16 and a 52 week high of $5.20. The company's 50 day moving average is $3.13 and its two-hundred day moving average is $2.10. The company has a market capitalization of $1.12 billion, a P/E ratio of -4.87 and a beta of 3.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.
BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm's revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. On average, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright boosted their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th.
Check Out Our Latest Research Report on BBAI
Insider Buying and Selling
In other news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.
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.
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