Exchange Traded Concepts LLC Takes Position in BigBear.ai Holdings, Inc. $BBAI

Exchange Traded Concepts LLC acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,970 shares of the company’s stock, valued at approximately $896,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock valued at $179,984,000 after acquiring an additional 6,790,890 shares during the last quarter. Jump Financial LLC bought a new position in shares of BigBear.ai in the 2nd quarter worth about $37,407,000. Two Sigma Investments LP raised its position in shares of BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after acquiring an additional 3,056,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BigBear.ai by 40.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,873,864 shares of the company’s stock valued at $18,738,000 after purchasing an additional 832,420 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after purchasing an additional 2,326,883 shares during the period. Institutional investors own 7.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBAI. HC Wainwright decreased their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Cantor Fitzgerald dropped their price target on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and an average price target of $5.50.

Insider Activity

In related news, Director Pamela Joyce Braden sold 80,000 shares of BigBear.ai stock in a transaction on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the sale, the director owned 508,687 shares of the company’s stock, valued at approximately $2,034,748. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

BigBear.ai Stock Performance

Shares of BigBear.ai stock opened at $3.58 on Friday. The business has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $5.65. BigBear.ai Holdings, Inc. has a one year low of $2.36 and a one year high of $9.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -3.58 and a beta of 3.47.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $33.31 million. BigBear.ai had a negative return on equity of 18.22% and a negative net margin of 230.21%.The company’s quarterly revenue was down 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) earnings per share. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

About BigBear.ai

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.