Geode Capital Management LLC Has $3.15 Million Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Geode Capital Management LLC increased its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 28.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,158,438 shares of the company’s stock after acquiring an additional 479,401 shares during the period. Geode Capital Management LLC’s holdings in BigBear.ai were worth $3,152,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Sovereign Financial Group Inc. bought a new position in BigBear.ai in the third quarter valued at $36,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai during the 2nd quarter worth about $58,000. Intech Investment Management LLC bought a new position in shares of BigBear.ai in the 3rd quarter valued at about $61,000. The Manufacturers Life Insurance Company increased its position in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in BigBear.ai during the third quarter worth about $131,000. 7.55% of the stock is owned by institutional investors.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 200,000 shares of the company’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 849,032 shares of company stock valued at $2,184,876 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

BigBear.ai Trading Down 4.9 %

BigBear.ai stock opened at $4.31 on Tuesday. The stock has a 50-day simple moving average of $2.71 and a 200 day simple moving average of $1.93. The stock has a market capitalization of $1.08 billion, a P/E ratio of -4.74 and a beta of 3.21. 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 Holdings, Inc. has a 52 week low of $1.16 and a 52 week high of $5.20.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright boosted their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

About BigBear.ai

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.