JPMorgan Chase & Co. Sells 6,632 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

JPMorgan Chase & Co. reduced its position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 12.7% during the third quarter, Holdings Channel reports. The firm owned 45,575 shares of the company’s stock after selling 6,632 shares during the period. JPMorgan Chase & Co.’s holdings in BigBear.ai were worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BBAI. Bank of Montreal Can increased its stake in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after buying an additional 643,570 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BigBear.ai by 28.6% in the third 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 in the last quarter. State Street Corp lifted its holdings in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Barclays PLC boosted its position in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in BigBear.ai in the 3rd quarter valued at $131,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Price Performance

Shares of NYSE BBAI opened at $4.25 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a fifty day simple moving average of $3.50 and a two-hundred day simple moving average of $2.26. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $5.20. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -4.66 and a beta of 3.17.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share 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 company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BBAI shares. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Buying and Selling at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by insiders.

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.