XTX Topco Ltd Purchases 22,363 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

XTX Topco Ltd lifted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 57.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,011 shares of the company’s stock after acquiring an additional 22,363 shares during the quarter. XTX Topco Ltd’s holdings in BigBear.ai were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BBAI. Bank of New York Mellon Corp raised its holdings in shares of BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after purchasing an additional 189,593 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in BigBear.ai by 26.9% during the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock worth $101,000 after buying an additional 14,134 shares during the period. Rhumbline Advisers boosted its position in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after acquiring an additional 68,663 shares in the last quarter. Bank of Montreal Can increased its holdings 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 valued at $1,006,000 after acquiring an additional 643,570 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction 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 sale, the director now directly owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

BigBear.ai Stock Up 10.3 %

Shares of BBAI stock opened at $3.11 on Friday. The company has a market cap of $779.32 million, a price-to-earnings ratio of -3.42 and a beta of 3.58. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock’s fifty day moving average price is $2.17 and its 200 day moving average price is $1.71. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $4.80.

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

BigBear.ai Company Profile

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.