Quilter Plc Buys New Position in BigBear.ai Holdings, Inc. $BBAI

Quilter Plc purchased a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,900 shares of the company’s stock, valued at approximately $149,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after purchasing an additional 534,963 shares during the period. Geode Capital Management LLC increased its position in shares of BigBear.ai by 125.2% during the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after buying an additional 2,820,698 shares during the period. Goldman Sachs Group Inc. raised its stake in BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after buying an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in BigBear.ai in the first quarter worth about $3,811,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in BigBear.ai by 1,956.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 796,038 shares of the company’s stock valued at $5,405,000 after acquiring an additional 757,328 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BBAI shares. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. HC Wainwright restated a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Trading Down 2.8%

Shares of NYSE:BBAI opened at $5.81 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. BigBear.ai Holdings, Inc. has a 1 year low of $1.97 and a 1 year high of $10.36. The company has a market cap of $2.54 billion, a P/E ratio of -4.09 and a beta of 3.42. The stock’s fifty day moving average price is $6.74 and its 200-day moving average price is $5.83.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. BigBear.ai’s revenue was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Sell-side analysts expect 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 on 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 directly owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This trade represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,980 shares of company stock worth $197,853 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

BigBear.ai Company Profile

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.