Wells Fargo & Company MN Has $349,000 Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Wells Fargo & Company MN increased its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,458 shares of the company’s stock after purchasing an additional 3,797 shares during the quarter. Wells Fargo & Company MN’s holdings in BigBear.ai were worth $349,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

BigBear.ai Price Performance

NYSE:BBAI opened at $3.20 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $930.35 million, a price-to-earnings ratio of -3.51 and a beta of 3.32. BigBear.ai Holdings, Inc. has a 52 week low of $1.17 and a 52 week high of $10.36. The firm’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.60.

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

Insider Activity

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.