BigBear.ai Holdings, Inc. (NYSE:BBAI) Shares Acquired by Grove Bank & Trust

Grove Bank & Trust lifted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 9,172.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,000 shares of the company’s stock after purchasing an additional 100,900 shares during the quarter. Grove Bank & Trust’s holdings in BigBear.ai were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BBAI. Bank of New York Mellon Corp raised 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 acquiring an additional 189,593 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of BigBear.ai by 206.2% in the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the period. XTX Topco Ltd purchased a new stake in shares of BigBear.ai during the second quarter worth approximately $58,000. Bank of Montreal Can grew its position in 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 buying an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after buying an additional 23,597 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Trading Down 5.3 %

NYSE:BBAI opened at $3.93 on Monday. The stock has a market capitalization of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21. BigBear.ai Holdings, Inc. has a 1 year low of $1.16 and a 1 year high of $5.20. The stock has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $2.06. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS 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 analysts’ expectations of $45.04 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BBAI shares. HC Wainwright raised their target price 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 objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.