Cetera Investment Advisers Sells 226,275 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Cetera Investment Advisers decreased its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,892 shares of the company's stock after selling 226,275 shares during the period. Cetera Investment Advisers' holdings in BigBear.ai were worth $111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BBAI. Invesco Ltd. lifted its position in BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after purchasing an additional 1,629 shares during the period. Victory Capital Management Inc. lifted its position in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after purchasing an additional 2,332 shares during the period. Wells Fargo & Company MN lifted its position in BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares during the period. JPMorgan Chase & Co. lifted its position in BigBear.ai by 12.3% during the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after purchasing an additional 5,591 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in BigBear.ai by 21.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,966 shares of the company's stock valued at $178,000 after purchasing an additional 7,177 shares during the period. Institutional investors and hedge funds own 7.55% of the company's stock.

Insider Buying and Selling

In related news, CFO Julie Peffer sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 634,153 shares of the company's stock, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director now directly owns 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 204,219 shares of company stock valued at $752,605. 1.10% of the stock is owned by corporate insiders.

BigBear.ai Trading Up 12.4%

Shares of NYSE:BBAI traded up $0.47 during mid-day trading on Wednesday, reaching $4.26. The stock had a trading volume of 187,115,284 shares, compared to its average volume of 34,461,521. The firm has a market cap of $1.24 billion, a PE ratio of -4.68 and a beta of 3.32. The firm has a 50 day simple moving average of $3.25 and a two-hundred day simple moving average of $3.87. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.67) earnings per share. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald cut their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th.

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.