Barclays PLC Grows Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Barclays PLC raised its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 310.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,766 shares of the company’s stock after buying an additional 107,214 shares during the quarter. Barclays PLC owned about 0.06% of BigBear.ai worth $208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BBAI. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai in the 3rd quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of BigBear.ai in the 2nd quarter valued at about $58,000. Intech Investment Management LLC purchased a new position in shares of BigBear.ai in the 3rd quarter valued at about $61,000. The Manufacturers Life Insurance Company increased its holdings 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 valued at $62,000 after acquiring an additional 23,597 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in shares of BigBear.ai in the 3rd quarter valued at about $131,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Performance

BigBear.ai stock opened at $4.40 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a fifty day moving average of $3.13 and a two-hundred day moving average of $2.10. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.83 and a beta of 3.21. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.16 and a fifty-two week high of $5.20.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $45.04 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai 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 sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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