Quantbot Technologies LP Acquires Shares of 211,415 BigBear.ai Holdings, Inc. $BBAI

Key Points

• Quantbot Technologies LP acquired 211,415 shares of BigBear.ai Holdings, Inc. for about $605,000, marking the institutional investor's new position in the company.
• BigBear.ai recently reported earnings per share (EPS) of ($0.06), surpassing analysts' expectations but showing a revenue decrease of 18.3% year-over-year.
• Analysts have set a consensus rating of "Moderate Buy" for BigBear.ai, with a new average price target of $6.00 after a prior target was lowered from $9.00 to $8.00.

Quantbot Technologies LP purchased a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 211,415 shares of the company's stock, valued at approximately $605,000. Quantbot Technologies LP owned approximately 0.07% of BigBear.ai at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AE Industrial Partners LP acquired a new stake in BigBear.ai in the fourth quarter valued at $284,721,000. Vanguard Group Inc. grew its holdings in shares of BigBear.ai by 9.2% during the first 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 last quarter. TFG Asset Management GP Ltd purchased a new position in shares of BigBear.ai during the fourth quarter worth about $4,005,000. Northern Trust Corp grew its holdings in shares of BigBear.ai by 10.5% during the fourth quarter. Northern Trust Corp now owns 839,503 shares of the company's stock worth $3,736,000 after purchasing an additional 79,593 shares during the last quarter. Finally, Soviero Asset Management LP purchased a new position in shares of BigBear.ai during the fourth quarter worth about $3,248,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction 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 SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their price objective on BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Stock Performance

Shares of NYSE BBAI traded down $0.00 during midday trading on Thursday, reaching $5.13. 38,286,108 shares of the company were exchanged, compared to its average volume of 86,920,617. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a 1 year low of $1.29 and a 1 year high of $10.36. The stock has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $4.89. The stock has a market cap of $1.90 billion, a P/E ratio of -3.58 and a beta of 3.44.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $41.18 million. During the same quarter last year, the company posted ($0.06) earnings per share. The business's revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

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.