BigBear.ai Holdings, Inc. $BBAI Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in BigBear.ai by 3,252.7% in Q2, buying an additional 2,326,883 shares to own 2,398,419 shares (about 0.82% of the company) valued at roughly $16.29 million.
• BigBear.ai’s latest quarter showed an EPS miss (‑$0.07 vs. consensus ‑$0.06) while revenue of $33.14 million beat estimates but was down 20.1% year‑over‑year; the company remains unprofitable with a negative net margin (~‑274.7%).
• Analyst coverage is mixed (two Buy, two Hold, one Sell) with a MarketBeat consensus rating of Hold and an average price target of about $6.33.

JPMorgan Chase & Co. increased its position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 3,252.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,398,419 shares of the company's stock after purchasing an additional 2,326,883 shares during the period. JPMorgan Chase & Co. owned 0.82% of BigBear.ai worth $16,285,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $26,000. Alpine Global Management LLC acquired a new position in BigBear.ai in the first quarter valued at approximately $34,000. Atria Wealth Solutions Inc. purchased a new position in BigBear.ai in the first quarter worth approximately $42,000. Nisa Investment Advisors LLC increased its stake in BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock worth $42,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in BigBear.ai during the first quarter worth $49,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $7.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research report on Wednesday, October 8th. HC Wainwright reaffirmed a "buy" rating and set a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised shares of BigBear.ai from a "strong sell" rating to a "hold" rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.33.

BigBear.ai Stock Performance

NYSE BBAI opened at $6.80 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of -4.79 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a 50-day moving average of $6.68 and a two-hundred day moving average of $6.04. BigBear.ai Holdings, Inc. has a 1-year low of $2.36 and a 1-year high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm's revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares of the company's stock, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by corporate insiders.

BigBear.ai 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.

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