Cetera Investment Advisers Has $210,000 Position in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Cetera Investment Advisers increased its stake in BigBear.ai by 194.5%, acquiring an additional 48,407 shares, bringing their total holdings to 73,299 shares valued at approximately $210,000.
• HC Wainwright has lowered its price target on BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating, indicating a mixed sentiment among analysts with a consensus rating of "Moderate Buy" and target price of $6.00.
• BigBear.ai reported a quarterly revenue of $32.47 million, falling short of the consensus estimate of $41.18 million, and a negative net margin of 269.28% for the period.

Cetera Investment Advisers boosted its position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 194.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,299 shares of the company's stock after buying an additional 48,407 shares during the quarter. Cetera Investment Advisers' holdings in BigBear.ai were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBAI. AE Industrial Partners LP acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $284,721,000. TFG Asset Management GP Ltd acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $4,005,000. Northern Trust Corp increased its position in shares of BigBear.ai by 10.5% during the 4th 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. Soviero Asset Management LP acquired a new position in shares of BigBear.ai during the 4th quarter worth approximately $3,248,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BigBear.ai by 21.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company's stock worth $1,320,000 after purchasing an additional 51,377 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

Insider Activity at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the transaction, the chief financial officer owned 634,153 shares of the company's stock, valued at approximately $2,790,273.20. The trade was a 7.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

BigBear.ai Stock Performance

BBAI traded down $0.1050 during trading on Monday, hitting $5.3950. The stock had a trading volume of 33,954,264 shares, compared to its average volume of 87,585,039. The company has a 50 day moving average price of $6.41 and a 200-day moving average price of $4.91. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -3.75 and a beta of 3.44. BigBear.ai Holdings, Inc. has a one year low of $1.29 and a one year high of $10.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91.

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, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

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

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.