Freedom Investment Management Inc. Sells 7,907 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Freedom Investment Management Inc. trimmed its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,670 shares of the company’s stock after selling 7,907 shares during the quarter. Freedom Investment Management Inc.’s holdings in BigBear.ai were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD purchased a new position in BigBear.ai in the first quarter valued at approximately $31,000. Baader Bank Aktiengesellschaft bought a new stake in shares of BigBear.ai in the second quarter valued at $32,000. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the 3rd quarter valued at $36,000. XTX Topco Ltd bought a new position in shares of BigBear.ai during the 2nd quarter worth $58,000. Finally, The Manufacturers Life Insurance Company increased its holdings 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 worth $62,000 after acquiring an additional 23,597 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

BigBear.ai Stock Performance

Shares of BBAI opened at $2.29 on Monday. BigBear.ai Holdings, Inc. has a 52-week low of $1.16 and a 52-week high of $4.80. The stock’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $573.84 million, a price-to-earnings ratio of -2.52 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BBAI shares. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. 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 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.