230,900 Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI) Purchased by Sargent Investment Group LLC

Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 230,900 shares of the company's stock, valued at approximately $1,028,000. Sargent Investment Group LLC owned 0.09% of BigBear.ai as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BBAI. The Manufacturers Life Insurance Company raised its stake in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after purchasing an additional 23,597 shares during the period. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the third quarter valued at approximately $36,000. Koshinski Asset Management Inc. purchased a new stake in shares of BigBear.ai during the third quarter valued at approximately $131,000. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai during the third quarter valued at approximately $61,000. Finally, State Street Corp increased its stake in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.

Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction 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. This trade represents a 24.53 % decrease in their position. 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 90 days. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. 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 research note on Monday, December 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 26.9 %

Shares of NYSE:BBAI traded up $1.82 during midday trading on Friday, reaching $8.59. The company had a trading volume of 229,322,361 shares, compared to its average volume of 50,240,612. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock's fifty day moving average price is $3.87 and its 200-day moving average price is $2.40. The stock has a market capitalization of $2.16 billion, a P/E ratio of -9.44 and a beta of 3.17. BigBear.ai Holdings, Inc. has a one year low of $1.16 and a one year high of $9.31.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share 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.