State Street Corp Increases Stake in BigBear.ai Holdings, Inc. (NYSE:BBAI)

State Street Corp grew its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,864,815 shares of the company's stock after acquiring an additional 267,673 shares during the quarter. State Street Corp owned 0.74% of BigBear.ai worth $2,723,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BBAI. Bank of Montreal Can increased its position in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock valued at $1,006,000 after acquiring an additional 643,570 shares during the period. Bank of New York Mellon Corp grew its stake in BigBear.ai by 160.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after purchasing an additional 189,593 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of BigBear.ai in the third quarter valued at about $131,000. Rhumbline Advisers raised its stake in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company's stock worth $154,000 after purchasing an additional 68,663 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth about $61,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

Insider Activity

In related news, CEO Amanda Long sold 200,000 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now owns 143,713,297 shares of the company's stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 782,892 shares of company stock worth $1,887,246 in the last ninety days. Company insiders own 1.40% of the company's stock.

BigBear.ai Stock Performance

Shares of BBAI traded down $0.36 during mid-day trading on Wednesday, reaching $4.45. The company had a trading volume of 66,165,219 shares, compared to its average volume of 11,412,893. The stock has a market capitalization of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58. BigBear.ai Holdings, Inc. has a 52-week low of $1.16 and a 52-week high of $5.20. The stock has a 50 day moving average of $2.55 and a two-hundred day moving average of $1.86. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. HC Wainwright increased their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

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.