JPMorgan Chase & Co. Acquires 5,591 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

JPMorgan Chase & Co. boosted its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,166 shares of the company’s stock after purchasing an additional 5,591 shares during the period. JPMorgan Chase & Co.’s holdings in BigBear.ai were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BBAI. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the 4th quarter worth $40,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai in the fourth quarter worth about $44,000. Retirement Income Solutions Inc purchased a new position in BigBear.ai during the 4th quarter valued at about $47,000. Bay Rivers Group bought a new position in BigBear.ai during the 4th quarter valued at approximately $48,000. Finally, Jones Financial Companies Lllp lifted its holdings in BigBear.ai by 4,202.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after buying an additional 12,607 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. This trade represents a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

BigBear.ai Price Performance

BBAI opened at $3.37 on Friday. BigBear.ai Holdings, Inc. has a 12-month low of $1.17 and a 12-month high of $10.36. The company has a market cap of $973.95 million, a price-to-earnings ratio of -3.70 and a beta of 3.34. 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 $3.30 and a two-hundred day simple moving average of $3.57.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The business had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned ($0.67) earnings per share. Research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BBAI shares. Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, HC Wainwright reduced their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

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.