Northern Trust Corp Grows Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Northern Trust Corp raised its position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 839,503 shares of the company’s stock after purchasing an additional 79,593 shares during the period. Northern Trust Corp owned approximately 0.33% of BigBear.ai worth $3,736,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BBAI. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai in the fourth quarter worth about $44,000. Bay Rivers Group purchased a new position in shares of BigBear.ai in the fourth quarter worth about $48,000. Sargent Investment Group LLC purchased a new position in shares of BigBear.ai in the fourth quarter worth about $1,028,000. Choreo LLC purchased a new position in shares of BigBear.ai in the fourth quarter worth about $67,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of BigBear.ai in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Up 3.2%

Shares of NYSE:BBAI opened at $3.84 on Friday. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36. The company has a market cap of $1.12 billion, a PE ratio of -4.22 and a beta of 3.32. 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 stock’s 50-day moving average is $3.12 and its 200 day moving average is $3.73.

BigBear.ai (NYSE:BBAI) last announced 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). BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $36.26 million. During the same quarter in the prior year, the firm earned ($0.67) EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BBAI shares. HC Wainwright decreased their price objective on 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 downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dorothy D. Hayes sold 26,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the sale, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,219 shares of company stock worth $532,605 in the last 90 days. Company insiders own 1.10% 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.