Simon Quick Advisors LLC Purchases Shares of 10,000 BigBear.ai Holdings, Inc. (NYSE:BBAI)

Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the fourth quarter, HoldingsChannel reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also made changes to their positions in the company. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai during the third quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai during the 2nd quarter worth about $58,000. The Manufacturers Life Insurance Company increased its position in BigBear.ai by 135.0% during 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 in the last quarter. Intech Investment Management LLC purchased a new position in BigBear.ai in the third quarter valued at approximately $61,000. Finally, Koshinski Asset Management Inc. purchased a new stake in BigBear.ai during the third quarter worth approximately $131,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % 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 Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last 90 days. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

BigBear.ai Price Performance

BBAI stock opened at $4.13 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of -4.53 and a beta of 3.21. The stock’s 50 day moving average is $3.28 and its two-hundred day moving average is $2.15. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. BigBear.ai’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal 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.