Bay Rivers Group Acquires New Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Bay Rivers Group bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,811 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors have also recently bought and sold shares of BBAI. State Street Corp lifted its stake in shares of BigBear.ai by 16.8% in the 3rd 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 during the last quarter. Geode Capital Management LLC increased its holdings in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Barclays PLC raised its position in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of BigBear.ai by 9,172.7% during the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock valued at $454,000 after purchasing an additional 100,900 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 over the last three months. 1.40% of the stock is owned by company insiders.

BigBear.ai Trading Down 11.0 %

Shares of BBAI stock opened at $3.68 on Tuesday. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $5.20. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market cap of $924.96 million, a price-to-earnings ratio of -4.04 and a beta of 3.21. The stock has a 50-day moving average of $3.32 and a 200-day moving average of $2.17.

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