Intech Investment Management LLC Takes Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Intech Investment Management LLC purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,854 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after buying an additional 168,076 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of BigBear.ai in the first quarter valued at about $31,000. Baader Bank Aktiengesellschaft purchased a new stake in BigBear.ai in the 2nd quarter valued at approximately $32,000. Bank of New York Mellon Corp boosted its stake in shares of BigBear.ai by 160.5% during the second 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. Finally, Fortis Group Advisors LLC boosted its stake in shares of BigBear.ai by 26.9% during the 2nd quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock worth $101,000 after purchasing an additional 14,134 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBAI has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

BigBear.ai Stock Performance

Shares of BBAI opened at $3.38 on Monday. BigBear.ai Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $4.80. The business’s fifty day moving average price is $1.86 and its 200 day moving average price is $1.60. 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 has a market capitalization of $846.99 million, a PE ratio of -3.71 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

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.