Geode Capital Management LLC Increases Stock Holdings in BigBear.ai Holdings, Inc. $BBAI

Geode Capital Management LLC boosted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 125.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,074,311 shares of the company’s stock after buying an additional 2,820,698 shares during the period. Geode Capital Management LLC owned approximately 1.74% of BigBear.ai worth $34,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in shares of BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after acquiring an additional 2,527 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in BigBear.ai during the 1st quarter worth approximately $26,000. Allworth Financial LP increased its stake in BigBear.ai by 36.6% during the 2nd quarter. Allworth Financial LP now owns 9,765 shares of the company’s stock valued at $66,000 after purchasing an additional 2,615 shares in the last quarter. Enterprise Bank & Trust Co purchased a new position in shares of BigBear.ai in the second quarter worth $68,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of BigBear.ai during the second quarter worth $68,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Trading Down 2.7%

BBAI stock opened at $6.03 on Thursday. The company’s 50-day simple moving average is $6.79 and its 200-day simple moving average is $5.93. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. BigBear.ai Holdings, Inc. has a 52-week low of $2.05 and a 52-week high of $10.36. The firm has a market cap of $2.63 billion, a P/E ratio of -4.24 and a beta of 3.42.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The business had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $31.82 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. BigBear.ai’s revenue for the quarter was down 20.1% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities 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 other news, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director owned 236,150 shares in the company, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

BigBear.ai 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.