BigBear.ai Holdings, Inc. $BBAI Shares Purchased by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in BigBear.ai Holdings, Inc. by 1,956.4% in Q2, acquiring 757,328 additional shares, totaling 796,038 shares valued at approximately $5.4 million.
• Several institutional investors have shown interest in BigBear.ai, including Goldman Sachs, which raised its holdings by 569% in Q1, now owning over 2.3 million shares worth about $6.7 million.
• According to analysts, BigBear.ai has an average rating of "Hold" with a consensus target price of $6.00, while recent earnings reports indicated a quarterly net margin of -269.28% and revenue decline of 18.3% year-over-year.

Caitong International Asset Management Co. Ltd lifted its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 1,956.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 796,038 shares of the company's stock after acquiring an additional 757,328 shares during the period. BigBear.ai accounts for approximately 3.9% of Caitong International Asset Management Co. Ltd's holdings, making the stock its 5th biggest position. Caitong International Asset Management Co. Ltd owned approximately 0.27% of BigBear.ai worth $5,405,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after purchasing an additional 1,990,822 shares in the last quarter. Baird Financial Group Inc. acquired a new position in BigBear.ai in the 1st quarter valued at approximately $286,000. McGuire Investment Group LLC increased its stake in BigBear.ai by 89.0% in the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company's stock valued at $588,000 after buying an additional 40,806 shares during the period. Kingswood Wealth Advisors LLC grew its position in BigBear.ai by 48.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company's stock worth $850,000 after acquiring an additional 40,893 shares in the last quarter. Finally, Swiss National Bank bought a new stake in BigBear.ai in the first quarter worth approximately $1,045,000. 7.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright dropped 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 note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.00.

Insider Transactions at BigBear.ai

In related 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 value of $64,082.30. Following the completion of the transaction, the chief financial officer owned 296,345 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

BigBear.ai Stock Performance

Shares of BBAI stock opened at $6.80 on Friday. The firm has a market cap of $2.97 billion, a PE ratio of -4.72 and a beta of 3.43. BigBear.ai Holdings, Inc. has a 12 month low of $1.51 and a 12 month high of $10.36. The company's fifty day simple moving average is $6.34 and its 200-day simple moving average is $5.35. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company's quarterly revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. Equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal 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.

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