Grove Bank & Trust Has $454,000 Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Grove Bank & Trust lifted its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 9,172.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,000 shares of the company's stock after buying an additional 100,900 shares during the period. Grove Bank & Trust's holdings in BigBear.ai were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sovereign Financial Group Inc. increased its holdings in shares of BigBear.ai by 699.3% in the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock valued at $889,000 after purchasing an additional 174,815 shares in the last quarter. Barclays PLC increased its position in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 479,401 shares during the period. XTX Topco Ltd boosted its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after purchasing an additional 22,363 shares during the last quarter. Finally, State Street Corp increased its stake 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 acquiring an additional 267,673 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Trading Down 5.3 %

Shares of BigBear.ai stock traded down $0.22 during trading on Monday, hitting $3.93. The stock had a trading volume of 37,643,051 shares, compared to its average volume of 49,712,948. BigBear.ai Holdings, Inc. has a 1 year low of $1.16 and a 1 year high of $5.20. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $985.32 million, a PE ratio of -4.32 and a beta of 3.21. The stock has a 50 day simple moving average of $3.04 and a 200 day simple moving average of $2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the business earned $0.03 EPS. The firm's revenue was up 22.1% compared to the same quarter last year. On average, research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BBAI shares. 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 lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

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.