Price T Rowe Associates Inc. MD Buys 7,177 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Price T Rowe Associates Inc. MD grew its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,966 shares of the company’s stock after acquiring an additional 7,177 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in BigBear.ai were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BBAI. MetLife Investment Management LLC boosted its position in shares of BigBear.ai by 219.6% during the fourth quarter. MetLife Investment Management LLC now owns 63,378 shares of the company’s stock valued at $282,000 after buying an additional 43,547 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of BigBear.ai by 956.5% during the fourth quarter. NewEdge Advisors LLC now owns 13,735 shares of the company’s stock valued at $61,000 after buying an additional 12,435 shares during the last quarter. Barclays PLC boosted its position in shares of BigBear.ai by 13.9% during the fourth quarter. Barclays PLC now owns 161,457 shares of the company’s stock valued at $718,000 after buying an additional 19,691 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $204,000. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $291,000. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Cantor Fitzgerald dropped their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Northland Securities cut 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. Northland Capmk cut BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, HC Wainwright dropped their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Insider Transactions at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director now owns 255,239 shares of the company’s stock, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai 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 sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,219 shares of company stock valued at $532,605 over the last quarter. 1.10% of the stock is currently owned by company insiders.

BigBear.ai Stock Up 0.4%

NYSE BBAI opened at $3.66 on Friday. The stock’s 50-day moving average price is $3.09 and its 200-day moving average price is $3.69. 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 $1.17 and a 52 week high of $10.36. The company has a market capitalization of $1.06 billion, a P/E ratio of -4.02 and a beta of 3.32.

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