Bank of New York Mellon Corp Purchases 56,558 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Bank of New York Mellon Corp grew its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 24.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,718 shares of the company’s stock after buying an additional 56,558 shares during the period. Bank of New York Mellon Corp owned 0.10% of BigBear.ai worth $811,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BBAI. Raymond James Financial Inc. purchased a new stake in shares of BigBear.ai in the 4th quarter worth approximately $618,000. Commonwealth Equity Services LLC boosted its holdings in BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company’s stock worth $415,000 after acquiring an additional 61,998 shares in the last quarter. LPL Financial LLC grew its stake in shares of BigBear.ai by 316.0% in the fourth quarter. LPL Financial LLC now owns 149,098 shares of the company’s stock worth $663,000 after acquiring an additional 113,253 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after acquiring an additional 23,994 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after purchasing an additional 5,591 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on shares of BigBear.ai from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, July 1st.

BigBear.ai Price Performance

Shares of NYSE BBAI opened at $6.41 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of -8.22 and a beta of 3.44. BigBear.ai Holdings, Inc. has a twelve month low of $1.16 and a twelve month high of $10.36. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $5.72 and a 200 day moving average of $4.71.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The business had revenue of $34.76 million during 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% compared to the same quarter last year. As a group, research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer directly owned 270,061 shares in the company, valued at approximately $823,686.05. The trade was a 4.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,987 shares of company stock worth $614,608. 1.10% of the stock is owned by corporate insiders.

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.