Cubist Systematic Strategies LLC Invests $3.81 Million in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Cubist Systematic Strategies LLC invested approximately $3.81 million in BigBear.ai, acquiring 1,332,466 shares, representing about 0.46% of the company.
• Insider activity includes CFO Sean Raymond Ricker selling 11,978 shares, reducing his ownership by 3.88% to a total of 296,345 shares valued at around $1.58 million.
• HC Wainwright has decreased its price target on BigBear.ai from $9.00 to $8.00, while the consensus target price stands at $6.00 with a current average rating of "Moderate Buy."

Cubist Systematic Strategies LLC acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,332,466 shares of the company's stock, valued at approximately $3,811,000. Cubist Systematic Strategies LLC owned about 0.46% of BigBear.ai at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BBAI. City State Bank bought a new position in BigBear.ai in the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai in the first quarter worth $29,000. Blue Bell Private Wealth Management LLC grew its stake in shares of BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after purchasing an additional 11,080 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of BigBear.ai in the first quarter worth $34,000. Finally, Alpine Global Management LLC bought a new position in shares of BigBear.ai in the first quarter worth $34,000. Institutional investors own 7.55% of the company's stock.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares of the company's stock, valued at $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

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 research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Price Performance

BBAI stock traded up $0.04 on Friday, hitting $4.97. 45,085,128 shares of the company's stock traded hands, compared to its average volume of 66,076,952. BigBear.ai Holdings, Inc. has a 1-year low of $1.29 and a 1-year high of $10.36. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -3.45 and a beta of 3.40. The stock has a fifty day moving average of $6.51 and a 200-day moving average of $4.70. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period last year, the firm posted ($0.06) earnings per share. The firm's quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

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.