111 Capital Acquires New Shares in BigBear.ai Holdings, Inc. $BBAI

111 Capital acquired a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,970 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors also recently modified their holdings of BBAI. Two Sigma Investments LP purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $70,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BigBear.ai during the fourth quarter valued at $89,000. Rhumbline Advisers boosted its position in shares of BigBear.ai by 18.1% during the first quarter. Rhumbline Advisers now owns 132,012 shares of the company’s stock valued at $378,000 after buying an additional 20,187 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in BigBear.ai in the first quarter worth about $34,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in BigBear.ai in the first quarter worth about $86,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Stock Up 7.0%

NYSE BBAI opened at $7.69 on Tuesday. The stock’s 50-day moving average price is $6.07 and its 200-day moving average price is $4.97. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a 52 week low of $1.48 and a 52 week high of $10.36. The company has a market capitalization of $2.85 billion, a P/E ratio of -5.34 and a beta of 3.43.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, the chief financial officer owned 296,345 shares of the company’s stock, valued at $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BBAI has been the topic of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Saturday, September 27th. HC Wainwright dropped their target price on BigBear.ai from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BigBear.ai presently has an average rating of “Hold” and a consensus price target of $6.00.

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.