Northern Trust Corp Acquires 79,593 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Northern Trust Corp grew its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 839,503 shares of the company's stock after purchasing an additional 79,593 shares during the quarter. Northern Trust Corp owned about 0.33% of BigBear.ai worth $3,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cape Investment Advisory Inc. acquired a new position in shares of BigBear.ai in the 4th quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai during the fourth quarter worth $47,000. Bay Rivers Group acquired a new stake in shares of BigBear.ai during the fourth quarter worth $48,000. Finally, Jones Financial Companies Lllp lifted its position in BigBear.ai by 4,202.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock valued at $57,000 after acquiring an additional 12,607 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several recent research reports. HC Wainwright dropped their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Cantor Fitzgerald lowered their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th.

BigBear.ai Price Performance

BBAI traded down $0.17 on Monday, hitting $3.65. 92,418,711 shares of the stock were exchanged, compared to its average volume of 31,283,790. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.01 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. BigBear.ai Holdings, Inc. has a 12 month low of $1.17 and a 12 month high of $10.36. The business has a 50-day moving average of $3.14 and a two-hundred day moving average of $3.79.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period last year, the firm posted ($0.67) EPS. BigBear.ai's quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the transaction, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,219 shares of company stock worth $532,605 over the last quarter. Corporate insiders own 1.10% of the company's stock.

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.