Soviero Asset Management LP Makes New Investment in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Soviero Asset Management LP purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 730,000 shares of the company's stock, valued at approximately $3,248,000. BigBear.ai makes up 2.0% of Soviero Asset Management LP's investment portfolio, making the stock its 24th biggest holding. Soviero Asset Management LP owned about 0.29% of BigBear.ai at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BBAI. Oppenheimer & Co. Inc. acquired a new stake in shares of BigBear.ai in the fourth quarter worth $325,000. Barclays PLC increased its stake in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after acquiring an additional 107,214 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock worth $1,329,000 after acquiring an additional 8,879 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock worth $415,000 after acquiring an additional 61,998 shares during the period. Finally, Sargent Investment Group LLC acquired a new stake in shares of BigBear.ai in the fourth quarter worth $1,028,000. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Price Performance

BBAI traded down $0.17 during midday trading on Tuesday, hitting $3.55. 43,307,371 shares of the company traded hands, compared to its average volume of 29,875,730. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.90 and a beta of 3.32. BigBear.ai Holdings, Inc. has a 52-week low of $1.17 and a 52-week high of $10.36. The business has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $3.72.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.67) earnings per share. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BBAI has been the topic of a number of research reports. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. HC Wainwright dropped their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald dropped their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the company from $2.50 to $4.00 in a research report on Friday, March 7th.

Insider Buying and Selling at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This trade represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the transaction, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,219 shares of company stock valued at $532,605 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

About BigBear.ai

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.