BigBear.ai Holdings, Inc. $BBAI Shares Sold by Van ECK Associates Corp

Key Points

• Van ECK Associates reduced its BigBear.ai stake by 13.8% in the second quarter, selling 1.31 million shares. It still held 8.18 million shares worth approximately $30 million, representing a 1.71% ownership stake.
• Analyst sentiment is mixed but leans cautious: BigBear.ai has a consensus “Hold” rating, with ratings split among Buy, Hold and Sell, while Cantor Fitzgerald lowered its price target from $5 to $4.
• BigBear.ai reported quarterly revenue of $36.75 million, up 12.9% year over year, and met expectations with an adjusted loss of $0.05 per share. Despite revenue growth, the company remains unprofitable, with a negative net margin of 65.2%.

Van ECK Associates Corp trimmed its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,178,320 shares of the company's stock after selling 1,305,704 shares during the quarter. Van ECK Associates Corp owned 1.71% of BigBear.ai worth $30,014,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Root Financial Partners LLC grew its stake in BigBear.ai by 617.5% during the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company's stock valued at $29,000 after purchasing an additional 4,631 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $30,000 after buying an additional 3,392 shares during the last quarter. A&I Financial Services LLC purchased a new position in shares of BigBear.ai during the 2nd quarter valued at approximately $37,000. HM Payson & Co. grew its position in shares of BigBear.ai by 616.9% during the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company's stock worth $39,000 after buying an additional 6,169 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of BigBear.ai during the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of BigBear.ai from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of BigBear.ai in a report on Friday, July 17th. Finally, Cantor Fitzgerald dropped their target price on shares of BigBear.ai from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. One 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $5.00.

BigBear.ai Price Performance

Shares of BBAI opened at $3.07 on Monday. BigBear.ai Holdings, Inc. has a 52 week low of $2.59 and a 52 week high of $9.39. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -14.62 and a beta of 3.35. The stock has a 50 day moving average of $3.19 and a 200-day moving average of $3.70.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $36.75 million for the quarter, compared to analysts' expectations of $36.37 million. BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted ($0.71) earnings per share. As a group, analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current year.

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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