BigBear.ai (NYSE:BBAI) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• BigBear.ai reported a quarterly earnings per share (EPS) of ($0.06), surpassing analyst estimates by $0.01.
• Despite a negative net margin of 121.31% and a return on equity of -57.83%, the company updated its EPS guidance for FY 2025.
• Following recent insider trades, institutional investors have significantly increased their stakes in BigBear.ai, with Goldman Sachs raising its holdings by 569% during the first quarter.

BigBear.ai (NYSE:BBAI - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01, Zacks reports. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. BigBear.ai updated its FY 2025 guidance to EPS.

BigBear.ai Trading Down 0.6%

Shares of BigBear.ai stock traded down $0.05 during trading on Monday, reaching $7.10. The company's stock had a trading volume of 129,985,998 shares, compared to its average volume of 88,128,992. BigBear.ai has a 52-week low of $1.20 and a 52-week high of $10.36. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -9.10 and a beta of 3.44. The firm's 50-day moving average is $6.00 and its two-hundred day moving average is $4.82. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

Insider Activity

In other BigBear.ai news, Director Dorothy D. Hayes sold 26,000 shares of the business's 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 transaction, the director owned 255,239 shares in the company, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,924 shares of company stock valued at $473,416. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after buying an additional 1,990,822 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of BigBear.ai by 441.1% in the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company's stock valued at $213,000 after purchasing an additional 60,583 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company's stock worth $1,306,000 after purchasing an additional 160,096 shares during the period. AQR Capital Management LLC bought a new position in BigBear.ai in the first quarter worth about $88,000. Finally, Invesco Ltd. grew its holdings in BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company's stock worth $76,000 after purchasing an additional 5,579 shares during the last quarter. Institutional investors own 7.55% of the company's stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price target on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.