JPMorgan Chase & Co. Has $67,000 Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

JPMorgan Chase & Co. lessened its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 12.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,575 shares of the company’s stock after selling 6,632 shares during the quarter. JPMorgan Chase & Co.’s holdings in BigBear.ai were worth $67,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BBAI. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the 3rd quarter worth about $36,000. Intech Investment Management LLC bought a new stake in shares of BigBear.ai during the third quarter worth about $61,000. The Manufacturers Life Insurance Company increased its stake in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after buying an additional 23,597 shares during the period. XTX Topco Ltd raised its holdings in BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in BigBear.ai during the 3rd quarter worth approximately $131,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BBAI shares. HC Wainwright raised their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Activity

In related news, CEO Amanda Long sold 66,140 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents 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 the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 in the last ninety days. 1.40% of the stock is owned by company insiders.

BigBear.ai Stock Performance

NYSE:BBAI opened at $4.25 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.16 and a fifty-two week high of $5.20. The company has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $2.26. The company has a market capitalization of $1.07 billion, a PE ratio of -4.66 and a beta of 3.17.

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

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.