Lynrock Lake LP reduced its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) by 18.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,425,519 shares of the company after selling 326,379 shares during the period. Lynrock Lake LP owned 1.13% of BigBear.ai for $2,238,000 at the time of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also changed their holdings. Greenhaven Road Investment Management LP acquired a new interest in shares of BigBear.ai valued at approximately $2,291,000 during the second quarter. invesco ltd acquired a new interest in shares of BigBear.ai valued at approximately $2,953,000 during the first quarter. UBS Group AG increased its holding of BigBear.ai shares by 344.9% in the third quarter. UBS Group AG now owns 58,364 shares of the company, valued at $92,000, after purchasing an additional 45,247 shares during the period. Goldman Sachs Group Inc. acquired a new stake in BigBear.ai stock valued at approximately $142,000 during the first quarter. Finally, Credit Suisse AG acquired a new stake in BigBear.ai stock valued at approximately $55,000 during the second quarter. 1.47% of the shares are currently owned by institutional investors and hedge funds.
BigBear.ai trades up 11.6%
Shares of BBAI rose $0.33 midday on Friday to hit $3.17. The stock had a trading volume of 9,628,670 shares compared to an average volume of 10,758,146. The company has a debt to equity ratio of 33.05, a current ratio of 1.83 and a quick ratio of 1.83. BigBear.ai Holdings, Inc. has a 52-week low of $0.58 and a 52-week high of $16.12. The company’s 50-day moving average is $2.63 and its 200-day moving average is $1.73. The company has a market cap of $447.45 million, a price to earnings ratio of -1.83 and a beta of 4.12.
BigBear.ai Profile (Received Rating)
BigBear.ai Holdings, Inc provides artificial intelligence and machine learning for decision support. The Company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high quality technology and management consulting services. It focuses on the areas of cloud engineering and enterprise IT, cybersecurity, computer network and wireless operations, systems engineering, and strategy and program planning.
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