Sovereign Financial Group Inc. Acquires 174,815 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Sovereign Financial Group Inc. lifted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 699.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,815 shares of the company’s stock after acquiring an additional 174,815 shares during the quarter. Sovereign Financial Group Inc.’s holdings in BigBear.ai were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 189,593 shares during the last quarter. Rhumbline Advisers grew its position in BigBear.ai by 206.2% during the second quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after buying an additional 68,663 shares during the period. XTX Topco Ltd bought a new position in BigBear.ai during the second quarter valued at about $58,000. Bank of Montreal Can increased its holdings in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of 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 purchasing an additional 23,597 shares during the period. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Price Performance

BigBear.ai stock opened at $3.18 on Wednesday. The firm has a market capitalization of $796.86 million, a P/E ratio of -3.49 and a beta of 3.21. BigBear.ai Holdings, Inc. has a one year low of $1.16 and a one year high of $5.20. 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 business has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.00.

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

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 276,215 shares of company stock valued at $1,165,261. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.