BlackRock Fund Advisors has recently announced that it has increased stake in BigBear.ai Holdings Inc (NYSE:BBAI) by 57.51%. After grabbing 2.53 million shares, the institutional investor is now in possession of 0.92 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.61% having worth around $4.29 million. Moreover, Bank of America, NA increased its share by 76036.0 to have a control over 2.35 million shares. And The Vanguard Group, Inc. raised its holdings to 1.05 million shares by acquiring 1.83 million shares or 1.17% of the stake.
BigBear.ai Holdings Inc (BBAI) concluded trading on 12/27/23 at a closing price of $2.11, with 4.84 million shares of worth about $10.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.26% during that period and on Wednesday the price saw a gain of about 7.11%. Currently the company’s common shares owned by public are about 117.07M shares, out of which, 47.04M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 3,411,984 shares in 27 of the transactions. In 35 selling transactions, insiders dumped 11,075,940 shares.
Vanguard Extended Market Index Fu, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in BigBear.ai Holdings Inc Vanguard Extended Market Index Fu is currently holding 0.85 million shares of worth totaling $1.44 million. The company recently came selling 19891.0 shares which brought its stake up to 0.54% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 0.74 million shares, have now control over 0.47% of the stake in the company. It holds 363.0 shares of worth $1.26 million.
BigBear.ai Holdings Inc (NYSE: BBAI) started trading at $2.02, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 2.1900, or with a gain of 7.11%. Stock saw a price change of 18.54% in past 5 days and over the past one month there was a price change of 11.64%. Year-to-date (YTD), BBAI shares are showing a performance of 213.20% which increased to 187.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.58 but also hit the highest price of $6.77 during that period. The average intraday trading volume for BigBear.ai Holdings Inc shares is 1.94 million. The stock is currently trading 18.37% above its 20-day simple moving average (SMA20), while that difference is up 29.91% for SMA50 and it goes to 8.04% higher than SMA200.
BlackRock Fund Advisors acquired 2.53 million shares of BigBear.ai Holdings Inc having value of about $4.29 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.92 million shares in the company valued at close to $1945356.7, or have control over 57.51% stake in the company. BigBear.ai Holdings Inc (NYSE: BBAI) currently have 117.07M outstanding shares and institutions hold larger chunk of about 7.98% of that. Holding of mutual funds in the company is about 5.21% while other institutional holders and individual stake holders have control over 69.98% and 2.75% of the stake respectively.
The stock has a current market capitalization of $330.89M and its 3Y-monthly beta is at 3.03. It has posted earnings per share of -$0.54 in the same period. It has Quick Ratio of 1.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BBAI, volatility over the week remained 8.43% while standing at 7.57% over the month.
Analysts are in expectations that BigBear.ai Holdings Inc (BBAI) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is -$0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 71.84% while it is estimated to increase by 23.36% in next year.
Analysts at 5 brokerage firms have issued recommendations for the BigBear.ai Holdings Inc (BBAI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on October 02, 2023 offering a Market perform rating for the stock and assigned a target price of $2 to it.
