State Street Corp Has $2.72 Million Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

State Street Corp raised its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,864,815 shares of the company’s stock after buying an additional 267,673 shares during the quarter. State Street Corp owned 0.74% of BigBear.ai worth $2,723,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai in the third quarter valued at about $36,000. XTX Topco Ltd acquired a new stake in BigBear.ai in the 2nd quarter worth about $58,000. Intech Investment Management LLC bought a new stake in BigBear.ai in the 3rd quarter valued at about $61,000. The Manufacturers Life Insurance Company grew its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of BigBear.ai during the third quarter worth approximately $131,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Price Performance

BBAI stock opened at $4.45 on Wednesday. The company’s 50-day moving average price is $2.44 and its two-hundred day moving average price is $1.82. The firm has a market cap of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58. The company has a quick ratio of 2.06, a current 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.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data 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. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HC Wainwright boosted their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

Insider Activity

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 782,892 shares of company stock worth $1,887,246. Insiders own 1.40% of the company’s stock.

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.