Sovereign Financial Group Inc. Raises Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Sovereign Financial Group Inc. grew its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 699.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 199,815 shares of the company's stock after buying an additional 174,815 shares during the period. Sovereign Financial Group Inc. owned 0.08% of BigBear.ai worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BBAI. Barclays PLC raised its stake in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Geode Capital Management LLC raised its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after acquiring an additional 22,363 shares during the period. State Street Corp boosted its holdings in shares of BigBear.ai by 16.8% in the third 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 in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of BigBear.ai during the third quarter worth about $61,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Price Performance

Shares of BBAI traded up $0.20 during trading hours on Wednesday, reaching $3.38. The company had a trading volume of 20,518,414 shares, compared to its average volume of 33,476,082. 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 Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $5.20. The firm has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $2.01. The company has a market capitalization of $846.98 million, a price-to-earnings ratio of -3.71 and a beta of 3.21.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The shares were 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 owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 276,215 shares of company stock valued at $1,165,261. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on BBAI. HC Wainwright raised their price objective on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, December 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

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.