Nuveen LLC Acquires Shares of 307,140 BigBear.ai Holdings, Inc. $BBAI

Nuveen LLC purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 307,140 shares of the company's stock, valued at approximately $878,000. Nuveen LLC owned 0.11% of BigBear.ai at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TFG Asset Management GP Ltd purchased a new position in BigBear.ai during the 4th quarter valued at about $4,005,000. Soviero Asset Management LP acquired a new position in shares of BigBear.ai during the fourth quarter worth $3,248,000. Headlands Technologies LLC bought a new stake in shares of BigBear.ai in the first quarter worth $1,806,000. Vanguard Group Inc. increased its stake in BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after purchasing an additional 534,963 shares during the last quarter. Finally, Swiss National Bank bought a new position in shares of BigBear.ai during the first quarter worth about $1,045,000. Institutional investors and hedge funds own 7.55% of the company's stock.

Insiders Place Their Bets

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright reduced their price objective on shares of 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 and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

BigBear.ai Trading Down 2.5%

BigBear.ai stock traded down $0.13 during trading hours on Wednesday, reaching $4.90. 29,795,782 shares of the company's stock traded hands, compared to its average volume of 70,100,248. The firm's 50 day moving average is $6.54 and its 200-day moving average is $4.75. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.29 and a fifty-two week high of $10.36. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.40 and a beta of 3.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period last year, the company earned ($0.06) earnings per share. The firm's revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. On average, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

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.