Grove Bank & Trust Boosts Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Grove Bank & Trust grew its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 9,172.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,000 shares of the company’s stock after buying an additional 100,900 shares during the period. Grove Bank & Trust’s holdings in BigBear.ai were worth $454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sovereign Financial Group Inc. increased its position in BigBear.ai by 699.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares in the last quarter. Barclays PLC grew its stake in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after buying an additional 107,214 shares during the period. Geode Capital Management LLC raised its stake in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares during the period. XTX Topco Ltd lifted its holdings in shares of BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after acquiring an additional 22,363 shares in the last quarter. Finally, State Street Corp boosted its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Amanda Long sold 66,140 shares of the 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 transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBAI. 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 raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th.

BigBear.ai Stock Performance

BigBear.ai stock opened at $3.93 on Monday. 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 firm’s fifty day moving average price is $3.04 and its 200 day moving average price is $2.06. The company has a market capitalization of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21. BigBear.ai Holdings, Inc. has a 12-month low of $1.16 and a 12-month high of $5.20.

BigBear.ai (NYSE:BBAI) last released its quarterly 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. 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 analysts’ expectations of $45.04 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

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.