Citigroup Inc. Sells 236,591 Shares of BigBear.ai Holdings, Inc. $BBAI

Key Points

• Citigroup cut its stake in BigBear.ai by 37.7%, selling 236,591 shares and retaining 390,178 shares (~0.09% ownership) worth about $2.544 million.
• BigBear.ai beat quarterly EPS expectations (loss of $0.01 vs. -$0.05) but missed revenue ($27.3M vs. $33.31M), with revenue down 37.7% year‑over‑year and continued negative margins and ROE.
• The company completed a roughly 90% debt reset and has record cash plus strategic M&A and a Middle East push, but analysts are mixed—consensus is "Hold" with a $5.50 price target and divergent broker ratings.

Citigroup Inc. lessened its position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 37.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 390,178 shares of the company's stock after selling 236,591 shares during the quarter. Citigroup Inc. owned approximately 0.09% of BigBear.ai worth $2,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC raised its holdings in BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company's stock worth $30,000 after purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of BigBear.ai by 3,355.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company's stock worth $32,000 after acquiring an additional 4,832 shares in the last quarter. Nisa Investment Advisors LLC increased 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 acquiring an additional 2,527 shares in the last quarter. Hantz Financial Services Inc. lifted its position in BigBear.ai by 2,242.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company's stock valued at $53,000 after acquiring an additional 7,850 shares during the period. Finally, Amalgamated Bank lifted its position in BigBear.ai by 163.2% during the 3rd quarter. Amalgamated Bank now owns 9,377 shares of the company's stock valued at $61,000 after acquiring an additional 5,814 shares during the period. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Price Performance

Shares of BBAI opened at $4.25 on Friday. The company has a market capitalization of $2.02 billion, a P/E ratio of -4.25 and a beta of 3.49. The company has a quick ratio of 3.13, a current ratio of 1.78 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $5.05 and a 200 day moving average of $5.85. BigBear.ai Holdings, Inc. has a twelve month low of $2.36 and a twelve month high of $9.39.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $27.30 million during the quarter, compared to analysts' expectations of $33.31 million. BigBear.ai had a negative return on equity of 18.22% and a negative net margin of 230.21%.The company's revenue was down 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) earnings per share. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of recent research reports. Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday. Wall Street Zen lowered shares of BigBear.ai from a "hold" rating to a "sell" rating in a report on Saturday, January 10th. HC Wainwright dropped their price target on BigBear.ai from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.50.

More BigBear.ai News

Here are the key news stories impacting BigBear.ai this week:

• Positive Sentiment: Large balance-sheet improvement — management completed a debt reset that cut debt ~90% and left the company with record cash, reducing leverage risk and giving BigBear.ai more runway for execution and M&A. BigBear.ai’s Debt Reset And Middle East Push Reframe Growth Prospects
• Positive Sentiment: Strategic M&A and international push — recent acquisitions broaden AI capabilities for government and critical infrastructure, and the company is pursuing Middle East public‑sector/national‑security opportunities that could drive higher-margin contracts. BigBear.ai’s Debt Reset And Middle East Push Reframe Growth Prospects
• Positive Sentiment: Analyst support remains in places — HC Wainwright keeps a Buy rating with a $6 price target despite lowering some FY estimates, signaling some broker confidence in the turnaround potential. HC Wainwright Forecasts BigBear.ai's Q1 Earnings NYSE: BBAI
• Neutral Sentiment: Institutional interest noted — commentary (MarketBeat) suggests speculative retail interest but also that smart money may be quietly buying the improved balance sheet; this supports liquidity but not short‑term revenue visibility. MarketBeat Week in Review – 03/02 - 03/06
• Neutral Sentiment: Ongoing analyst model churn — Northland revised several quarterly EPS estimates (mix of small raises and cuts) and nudged FY outlook slightly, reflecting evolving visibility but continued consensus losses. MarketBeat coverage of analyst estimate changes
• Negative Sentiment: Revenue and contract volatility — Q4 revenue missed expectations and was down sharply year‑over‑year; Zacks highlights weak Q4 revenue and unpredictable contracts as the main reasons investors have punished the stock in recent months. Should You Buy, Sell or Hold BigBear.ai Stock After Q4 Results?
• Negative Sentiment: Execution and valuation concerns — Seeking Alpha notes that defense‑AI potential is real but execution remains uncertain; another piece argues the stock still looks expensive relative to near‑term fundamentals despite the sell‑off. BigBear.ai: Defense AI Potential Is Real, But Execution Remains The Question BigBear.ai: Niche Defense And Border Control Leader Remains Expensive Despite Sell-Off
• Negative Sentiment: Analyst downgrades and negative notes pressured the stock — multiple firms issued bearish or more cautious forecasts, and a downgrade drove a sharp intra‑day drop reported earlier in the week. BigBear.ai NYSE: BBAI Trading Down 7.1% After Analyst Downgrade

BigBear.ai 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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