Legal & General Group Plc Acquires 173,621 Shares of BigBear.ai Holdings, Inc. $BBAI

Legal & General Group Plc increased its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 107.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,041 shares of the company’s stock after acquiring an additional 173,621 shares during the quarter. Legal & General Group Plc owned about 0.12% of BigBear.ai worth $2,274,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of BigBear.ai during the 1st quarter worth approximately $286,000. Wedbush Securities Inc. acquired a new stake in shares of BigBear.ai during the 2nd quarter worth approximately $1,669,000. Swiss National Bank increased its position in shares of BigBear.ai by 51.1% during the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock valued at $3,749,000 after purchasing an additional 186,600 shares during the period. Finally, McGuire Investment Group LLC raised its stake in shares of BigBear.ai by 89.0% in the second quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock valued at $588,000 after purchasing an additional 40,806 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Trading Down 3.1%

Shares of BigBear.ai stock opened at $6.80 on Monday. BigBear.ai Holdings, Inc. has a 12-month low of $2.36 and a 12-month high of $10.36. The stock has a market capitalization of $2.97 billion, a P/E ratio of -4.79 and a beta of 3.44. The company has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $6.07. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.BigBear.ai’s quarterly revenue was down 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.33.

Insider Buying and Selling

In related news, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company 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.