1,428,503 Shares in BigBear.ai Holdings, Inc. $BBAI Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon bought 1.43 million BigBear.ai shares worth approximately $5.24 million, giving it a 0.30% stake. Institutional investors collectively own 7.55% of the company.
• BigBear.ai’s shares opened at $2.93, down 1.7%, with the stock trading near its 12-month low of $2.59. The company reported quarterly revenue of $36.75 million, up 12.9% year over year, while posting a net loss and negative return on equity.
• Analyst sentiment remains mixed, with one Buy, one Hold and one Sell rating; the consensus rating is Hold with a $5.00 price target. Cantor Fitzgerald recently cut its target from $5.00 to $4.00.

Bank of New York Mellon Corp bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,428,503 shares of the company's stock, valued at approximately $5,243,000. Bank of New York Mellon Corp owned 0.30% of BigBear.ai as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in BigBear.ai by 11.8% in the 1st quarter. Principal Financial Group Inc. now owns 22,698 shares of the company's stock valued at $80,000 after purchasing an additional 2,391 shares during the period. PNC Financial Services Group Inc. increased its position in BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company's stock worth $30,000 after buying an additional 3,392 shares during the last quarter. NewEdge Advisors LLC increased its position in BigBear.ai by 3.4% in the fourth quarter. NewEdge Advisors LLC now owns 124,239 shares of the company's stock worth $671,000 after buying an additional 4,073 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of BigBear.ai by 29.2% in the first quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company's stock valued at $65,000 after buying an additional 4,159 shares during the period. Finally, Root Financial Partners LLC raised its stake in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company's stock valued at $29,000 after buying an additional 4,631 shares during the period. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Stock Down 1.7%

NYSE:BBAI opened at $2.93 on Friday. BigBear.ai Holdings, Inc. has a twelve month low of $2.59 and a twelve month high of $9.39. The company's 50 day moving average is $3.13 and its two-hundred day moving average is $3.66. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.40 billion, a PE ratio of -13.95 and a beta of 3.35.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $36.75 million for the quarter, compared to analysts' expectations of $36.37 million. BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.71) EPS. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of BigBear.ai from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of BigBear.ai in a research note on Friday, July 17th. Finally, Cantor Fitzgerald dropped their target price on BigBear.ai from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BigBear.ai presently has an average rating of "Hold" and a consensus price target of $5.00.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.

Want to see what other hedge funds are holding BBAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source