Swiss National Bank Makes New $1.05 Million Investment in BigBear.ai Holdings, Inc. $BBAI

Key Points

• The Swiss National Bank acquired a new stake in BigBear.ai Holdings, Inc. with an investment of approximately $1,045,000, holding about 0.13% of the company's stock.
• Institutional investors collectively own 7.55% of BigBear.ai, with Vanguard Group increasing their position by 9.2% to hold over 6.3 million shares.
• Analysts have a consensus rating of "Moderate Buy" for BigBear.ai, with a revised average price target of $6.00, reflecting a drop from previous estimates.

Swiss National Bank purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 365,500 shares of the company's stock, valued at approximately $1,045,000. Swiss National Bank owned 0.13% of BigBear.ai as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after purchasing an additional 5,591 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of BigBear.ai by 21.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock valued at $178,000 after purchasing an additional 7,177 shares during the period. Wells Fargo & Company MN grew its holdings in shares of BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares during the period. MetLife Investment Management LLC grew its holdings in shares of BigBear.ai by 219.6% in the fourth quarter. MetLife Investment Management LLC now owns 63,378 shares of the company's stock valued at $282,000 after purchasing an additional 43,547 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in BigBear.ai in the fourth quarter valued at about $81,000. Institutional investors and hedge funds own 7.55% of the company's stock.

Insider Activity

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the sale, the chief financial officer directly owned 296,345 shares of the company's stock, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Price Performance

NYSE BBAI traded down $0.10 during mid-day trading on Friday, hitting $5.06. The stock had a trading volume of 38,018,460 shares, compared to its average volume of 76,301,048. The company has a 50 day simple moving average of $6.53 and a 200 day simple moving average of $4.84. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -3.52 and a beta of 3.44. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a 52-week low of $1.29 and a 52-week high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.BigBear.ai's quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal 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.