Wealthspan Partners LLC Buys New Shares in BigBear.ai Holdings, Inc. $BBAI

Wealthspan Partners LLC bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,100 shares of the company’s stock, valued at approximately $96,000.

A number of other institutional investors have also recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC purchased a new stake in BigBear.ai during the first quarter valued at about $26,000. Cornerstone Wealth Management LLC purchased a new stake in BigBear.ai during the first quarter valued at about $29,000. Blue Bell Private Wealth Management LLC grew its position in BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock valued at $33,000 after acquiring an additional 11,080 shares during the period. Alpine Global Management LLC purchased a new stake in BigBear.ai during the first quarter valued at about $34,000. Finally, SLT Holdings LLC purchased a new stake in BigBear.ai during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Trading Down 4.7%

Shares of BBAI opened at $8.50 on Thursday. The stock’s 50-day moving average is $6.25 and its two-hundred day moving average is $5.17. The stock has a market cap of $3.70 billion, a PE ratio of -5.90 and a beta of 3.43. BigBear.ai Holdings, Inc. has a 12 month low of $1.51 and a 12 month high of $10.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91.

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

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer owned 296,345 shares in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BBAI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. HC Wainwright lowered their price target on BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BigBear.ai presently has an average rating of “Hold” and a consensus price target of $6.00.

BigBear.ai 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.