356,421 Shares in BigBear.ai Holdings, Inc. $BBAI Purchased by AlphaQuest LLC

Key Points

• AlphaQuest LLC disclosed a new fourth-quarter position in BigBear.ai, buying 356,421 shares worth about $1.93 million and representing roughly 0.08% of the company.
• Analyst sentiment remains mixed but cautious: the stock currently has a Hold consensus rating with a $5.50 average price target, while recent firms have trimmed their targets and ratings have ranged from Buy to Sell.
• BigBear.ai reported a small quarterly loss of $0.01 per share that beat estimates, but revenue fell 37.7% year over year to $27.3 million; the company also saw recent insider selling, including share sales by its director and CFO.

AlphaQuest LLC purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 356,421 shares of the company's stock, valued at approximately $1,925,000. AlphaQuest LLC owned about 0.08% of BigBear.ai as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company's stock worth $30,000 after purchasing an additional 3,392 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in BigBear.ai by 3,355.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company's stock valued at $32,000 after acquiring an additional 4,832 shares during the last quarter. World Investment Advisors acquired a new stake in BigBear.ai in the 4th quarter valued at about $52,000. Hantz Financial Services Inc. raised its holdings in BigBear.ai by 2,242.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company's stock valued at $53,000 after acquiring an additional 7,850 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in BigBear.ai in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 7.55% of the company's stock.

Analyst Ratings Changes

BBAI has been the subject of a number of recent research reports. HC Wainwright cut their price objective on shares of BigBear.ai from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of BigBear.ai from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a report on Monday, April 20th. Finally, Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.50.

BigBear.ai Stock Performance

BigBear.ai stock opened at $4.38 on Thursday. The firm has a 50 day simple moving average of $3.81 and a 200-day simple moving average of $4.84. BigBear.ai Holdings, Inc. has a 1-year low of $3.01 and a 1-year high of $9.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 6.08. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -5.03 and a beta of 3.25.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The business had revenue of $27.30 million during the quarter, compared to analysts' expectations of $33.31 million. During the same quarter in the prior year, the company posted ($0.43) EPS. The business's revenue for the quarter was down 37.7% on a year-over-year basis. On average, analysts expect that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current year.

Insider Activity

In related news, Director Pamela Joyce Braden sold 80,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director owned 508,687 shares of the company's stock, valued at approximately $2,034,748. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sean Raymond Ricker sold 10,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares in the company, valued at approximately $2,638,078.48. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,000 shares of company stock valued at $424,950 in the last 90 days. Company insiders own 0.57% of the company's stock.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.

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