BigBear.ai Holdings, Inc. (NYSE:BBAI) Stake Boosted by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 94.1% during the first quarter, HoldingsChannel reports. The firm owned 23,686 shares of the company’s stock after acquiring an additional 11,485 shares during the period. Wolverine Asset Management LLC’s holdings in BigBear.ai were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. increased its stake in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Deutsche Bank AG increased its stake in BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after purchasing an additional 2,427 shares in the last quarter. Wells Fargo & Company MN increased its stake in BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock worth $349,000 after purchasing an additional 3,797 shares in the last quarter. Choreo LLC increased its stake in BigBear.ai by 25.3% in the 1st quarter. Choreo LLC now owns 18,817 shares of the company’s stock worth $54,000 after purchasing an additional 3,802 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after acquiring an additional 5,591 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their target price on BigBear.ai from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st.

BigBear.ai Trading Down 0.6%

NYSE:BBAI opened at $7.10 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $10.36. The stock’s 50-day moving average is $6.06 and its two-hundred day moving average is $4.84. The stock has a market cap of $2.07 billion, a PE ratio of -9.10 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last released its earnings results on Monday, August 11th. The company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.64). The business had revenue of $32.47 million for the quarter, compared to analysts’ expectations of $41.18 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The company’s revenue was down 18.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director owned 255,239 shares of the company’s stock, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.