BigBear.ai Holdings, Inc. (NYSE:BBAI) Shares Acquired by Bulltick Wealth Management LLC

Key Points

• Bulltick Wealth Management LLC increased its stake in BigBear.ai Holdings by 39.4% in Q1, now holding approximately 271,800 shares valued at $777,000.
• Several other hedge funds have also increased their positions in BigBear.ai, including LPL Financial LLC, which raised its stake by 316.0% in the last quarter.
• BigBear.ai reported a much larger-than-expected loss of ($0.71) earnings per share for the previous quarter, missing analysts' estimates significantly.

Bulltick Wealth Management LLC grew its position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 39.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,800 shares of the company's stock after buying an additional 76,800 shares during the quarter. Bulltick Wealth Management LLC owned 0.09% of BigBear.ai worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. AE Industrial Partners LP acquired a new position in BigBear.ai during the 4th quarter worth $284,721,000. Vanguard Group Inc. grew its stake in BigBear.ai by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after purchasing an additional 534,963 shares in the last quarter. Geode Capital Management LLC lifted its holdings in BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after buying an additional 38,858 shares during the last quarter. TFG Asset Management GP Ltd purchased a new stake in BigBear.ai during the 4th quarter worth about $4,005,000. Finally, Northern Trust Corp lifted its holdings in 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 buying an additional 79,593 shares during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BigBear.ai

In other news, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the sale, the director owned 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer owned 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their price target on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday.

BigBear.ai Price Performance

BigBear.ai stock traded down $0.14 during mid-day trading on Wednesday, hitting $5.83. 90,116,566 shares of the company were exchanged, compared to its average volume of 97,267,432. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.66. The business's 50 day simple moving average is $6.14 and its two-hundred day simple moving average is $4.86. The company has a market capitalization of $1.70 billion, a P/E ratio of -4.05 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 12-month low of $1.21 and a 12-month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

BigBear.ai 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.