Cetera Investment Advisers Buys 200,669 Shares of BigBear.ai Holdings, Inc. $BBAI

Key Points

• Cetera Investment Advisers increased its stake in BigBear.ai by 273.8% in Q2, adding 200,669 shares to reach 273,968 shares valued at about $1.86 million (≈0.09% ownership).
• Director Dorothy D. Hayes sold 22,000 shares on Nov. 18 at an average price of $6.08, reducing her position by 8.52% to 236,150 shares (≈$1.44 million).
• BigBear.ai reported quarterly EPS of ($0.07), missing estimates by $0.01 while revenue was $33.14M (down 20.1% YoY); the stock has a MarketBeat consensus rating of Hold with an average price target of $6.33.

Cetera Investment Advisers lifted its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 273.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,968 shares of the company's stock after acquiring an additional 200,669 shares during the quarter. Cetera Investment Advisers owned 0.09% of BigBear.ai worth $1,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new stake in BigBear.ai in the first quarter worth approximately $26,000. Alpine Global Management LLC purchased a new stake in BigBear.ai during the 1st quarter valued at $34,000. Foundations Investment Advisors LLC bought a new position in shares of BigBear.ai during the 1st quarter valued at $37,000. Atria Wealth Solutions Inc. purchased a new position in shares of BigBear.ai in the 1st quarter worth $42,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of BigBear.ai by 68.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock worth $42,000 after buying an additional 2,527 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director owned 236,150 shares in the company, valued at approximately $1,435,792. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

BigBear.ai Stock Up 5.1%

BBAI stock opened at $6.33 on Monday. The business's 50-day moving average price is $6.77 and its 200-day moving average price is $5.98. The stock has a market cap of $2.76 billion, a P/E ratio of -4.45 and a beta of 3.44. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. BigBear.ai Holdings, Inc. has a twelve month low of $2.10 and a twelve month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same quarter in the previous year, the business posted ($0.05) EPS. BigBear.ai's revenue was down 20.1% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. HC Wainwright reissued a "buy" rating and issued a $8.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Cantor Fitzgerald reissued an "overweight" rating and issued a $7.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of BigBear.ai from a "strong sell" rating to a "hold" rating in a research report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.33.

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.

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