207,866 Shares in BigBear.ai Holdings, Inc. $BBAI Purchased by Marex Group plc

Marex Group plc acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the second quarter, HoldingsChannel reports. The fund acquired 207,866 shares of the company’s stock, valued at approximately $1,411,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBAI. Jump Financial LLC acquired a new position in shares of BigBear.ai during the second quarter worth approximately $37,407,000. Geode Capital Management LLC increased its holdings in shares of BigBear.ai by 125.2% in the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after purchasing an additional 2,820,698 shares in the last quarter. JPMorgan Chase & Co. raised its position in BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after purchasing an additional 2,326,883 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after buying an additional 1,990,822 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BigBear.ai by 347.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,041,444 shares of the company’s stock worth $13,861,000 after buying an additional 1,584,783 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Stock Performance

Shares of BBAI stock opened at $6.37 on Monday. The stock has a market cap of $2.78 billion, a PE ratio of -4.49 and a beta of 3.44. The stock has a 50-day moving average of $6.65 and a 200-day moving average of $6.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. BigBear.ai Holdings, Inc. has a one year low of $2.36 and a one year high of $10.36.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was down 20.1% compared to the same quarter last year. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the transaction, the chief financial officer directly owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the sale, the director owned 236,150 shares of the company’s stock, valued at $1,435,792. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on BBAI. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research 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, the company currently has an average rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Company 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.